Mubadala Investment Company, Abu Dhabi’s sovereign investor, has announced the acquisition of a $200 million stake, equivalent to around AED 734 million, from Equitix in the Greenlink Interconnector project.
The Greenlink Interconnector is a major subsea electricity transmission project jointly developed by Equitix and Baltic Cable. It operates a power link between Great Britain and Ireland with a capacity of up to 504 megawatts.
The interconnector extends for approximately 190 kilometers and has the capacity to supply electricity to around 380,000 homes, supporting energy security and enhancing electricity connectivity between the two markets.
According to Mubadala, the project is regulated by the UK’s energy regulator Ofgem and Ireland’s Commission for Regulation of Utilities. It uses high-voltage direct current technology, which enables efficient long-distance electricity transmission.
This technology also supports the integration of renewable energy sources into power grids and strengthens grid flexibility between Great Britain and Ireland.
Greenlink has also been classified as a project of common interest by the European Union, reflecting its strategic importance in supporting regional electricity interconnection and sustainable energy infrastructure.
Read the article in
