By Adam Whittaker
The Abu Dhabi Developmental Holding Company said it will establish a $25 billion joint venture with Energy Capital Partners Management to invest in power generation and energy infrastructure.
The Abu Dhabi sovereign wealth fund, also known as ADQ, said late Wednesday that it entered into an agreement with the U.S. investment company to establish 50-50 joint venture that will predominately invest in U.S. assets.
ADQ said it plans for total capital investments of more than $25 billion in projects producing 25 gigawatts.
Initially, the combined capital investment from the partners is expected to be $5 billion, ADQ said.
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
March 19, 2025 13:01 ET (17:01 GMT)
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