Electric Utilities
Abu Dhabi's ADQ and ECP partner on $25 billion plus data centre energy projects
Abu Dhabi's sovereign wealth fund ADQ teamed up with U.S. Private Equity firm Energy Capital Partners in order to invest over $25 billion into energy projects for powering data centres in the United States. ADQ announced in a Wednesday statement that the investments would be made through a partnership of 50-50 on new power generation infrastructure and 25 gigawatts. ADQ stated that the partnership "aims at servicing the growing power requirements of data centers and hyperscale cloud companies, as well as other energy-intensive industry sectors." The deal was announced at the same time as Sheikh Tahnoon Bin Zayed Al Nahyan's...