Mubadala partners with Actis to invest in Rezolv Energy

Mubadala Investment Company has committed circa €300 million to partner with leading growth market sustainable infrastructure investor Actis in Rezolv Energy, a rapidly scaling independent renewable energy platform in Central and Eastern Europe.

This investment aligns with Mubadala’s broader ambition to invest in leading platforms that will accelerate the global energy transition and develop resilient infrastructure that enables long-term economic growth.

Since Actis has launched and invested in Rezolv Energy, it has emerged as a key player in clean power generation in Central and Eastern Europe and is helping companies and countries across the region meet their energy needs in response to energy security challenges and climate policies.

The platform has made significant progress since launch, with approximately 750MW of renewable energy projects under construction in Romania and Bulgaria and an additional 1.5GW pipeline of projects in advanced development, including Europe’s largest solar power generation project, Dama in Romania.

Rezolv Energy is built on more than 15 years of clean energy heritage in the region, with a management team that had previously developed the largest wind farms at the time in both Croatia and the Czech Republic, and the largest independent wind farm in Romania.

Mubadala’s and Actis’ combined commitment to Rezolv Energy will help accelerate the company’s growth, with the goal of seeing Rezolv Energy become the market-leading renewable energy champion in Central and Eastern Europe.

Saed Arar, Head of Infrastructure at Mubadala Real Assets, said, “This investment is a clear reflection of our strategy to invest and scale real assets that enable the transition to a low-carbon economy.”

He added that Rezolv Energy offers a great platform with scale, leadership, and market access to accelerate renewable energy deployment across Central and Eastern Europe. “Our partnership with Actis ensures we are investing alongside a highly experienced player with a proven track record in sustainable infrastructure.”

Alastair Hammond, Chief Executive Officer of Rezolv Energy, said: “With the financial and technical backing of Actis, Rezolv Energy has already made huge progress, with two large-scale renewable energy projects in construction in Southeastern Europe and two more about to move into the construction phase following our CfD success in Romania. Having Mubadala join as a shareholder will enable us to be even more ambitious, further accelerating the energy transition in the region.”

Lucy Heintz, Head of Energy at Actis, said, “Investors are looking for the resilience, scale, and relevance that Actis’ growth market sustainable infrastructure platform offers – and we are gratified by the strong endorsement of this strategy and pleased to join forces with Mubadala. We’re building real-world assets that we believe are essential to national development, and pairing that with disciplined, long-term investment capital.”

In November, Mubadala Energy, the international energy company headquartered in Abu Dhabi, has announced significant progress in the development plans for the Tangkulo gas project, one of the key projects in the company’s strategic Andaman Sea position.

With Front End Engineering Design (FEED) and Long Lead Item (LLI) contracting making good progress, the Tangkulo development is advancing ahead of schedule, with the Plan of Development (POD) expected by Q4 2025, Final Investment Decision (FID) by June 2026, and first gas by Q4 2028.

Commenting on the latest update, Mansoor Mohamed Al Hamed, Managing Director and CEO Mubadala Energy, said, “Our multi-TCF discoveries in South Andaman present a significant growth opportunity for Mubadala Energy and the accelerated development timeline reflects the strategic importance of this project for Indonesia’s energy security. Mubadala Energy is committed to growth and our operations in Indonesia form a critical pillar of our portfolio expansion strategy.”

The gas marketing strategy is also making significant headway with a shared aim to deliver energy security for Indonesia through reliable, affordable domestic gas that reduces reliance on LNG imports.

The Tangkulo discovery was made in May 2024 and is located in the South Andaman Gross Split PSC, about 65 kilometres offshore North Sumatra.

The well was drilled to a total depth of 3,400 metres in approximately 1,200 metres of water, marking Mubadala Energy’s second consecutive deepwater gas discovery with 2+TCF of gas-in-place.

This came just months after the company’s major 8+ TCF discovery at Layaran, also in the South Andaman block, operated by Mubadala Energy, with 80 percent working interest.

WAM