Abu Dhabi sovereign wealth fund Mubadala has announced a US$325 million stake in the Hornsea 3 offshore wind project. Partnering with an Apollo-led consortium, the investment supports the development of the world’s largest single offshore wind farm off the Norfolk coast. The 2.9GW project will eventually power over 3.3 million UK homes, contributing significantly to the nation’s 2030 renewable energy targets and net zero ambitions.
The Government of Alberta has signed a major memorandum of understanding with South Korea’s Hanwha Group. This partnership aims to expand energy exports and industrial growth between the two regions. By aligning Alberta’s vast natural resources with Hanwha’s technical expertise, the deal supports Canada’s Indo-Pacific Strategy. It focuses on crude oil, hydrogen and long term defence infrastructure to strengthen economic security and trade.
The UK Government has officially granted a Development Consent Order for the Springwell Solar Farm in Lincolnshire. This major planning approval allows the joint project between EDF power solutions limited and Luminous Energy to move toward the construction phase. Once it is fully operational, the site is expected to generate enough renewable electricity to supply more than 180,000 homes every year, helping to secure the UK's future energy mix.
UK-based Gresham House has acquired Asia Clean Capital Vietnam to expand its renewable energy footprint. The deal follows the integration of SUSI Partners into the firm’s energy transition division. ACCV Pte provides decarbonised power to manufacturers in Vietnam. The acquisition leverages rising electricity demand and supportive government policies to scale clean energy assets and support the national transition to green power.
Hyundai Engineering & Construction is expanding its European footprint through nuclear partnerships in Finland, Sweden and the Netherlands. Collaborating with Westinghouse and Holtec International, the firm is facilitating large-scale reactors and next-generation Small Modular Reactors. These initiatives align with a regional shift toward fossil fuel-free energy, marked by a successful Helsinki symposium and a new technology agreement with Dutch firm Thorizon for molten salt reactors.
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.
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