ADQ and ECP partner on $25 B+ data centre energy projects
The investments will be carried out through a 50-50 partnership across 25 GW worth of new-build power generation and energy infrastructure.
Image for illustration purposes
UAE / USA: Abu Dhabi’s sovereign wealth fund ADQ has joined forces with U.S. private equity firm Energy Capital Partners (ECP) to invest over $25 B in energy projects aimed at powering data centres, primarily in the United States.
The investment, structured as a 50-50 partnership, will support the development of 25 GW of new power generation and energy infrastructure, ADQ announced on 19 March. The collaboration is designed to meet the rising energy demands of data centres, hyperscale cloud providers, and other high-consumption industries.
The deal coincides with a visit to the U.S. by Sheikh Tahnoon bin Zayed Al Nahyan, UAE’s national security adviser and brother of the country’s president, who is also ADQ’s chairman.
During the visit, he met with President Donald Trump to discuss expanding cooperation in areas like AI and infrastructure, according to UAE state news agency WAM.
The UAE, a major oil producer and a long-standing U.S. ally, has been working to gain greater access to American technology and build its own advanced tech industry as part of its efforts to become a global AI hub and diversify its economy away from oil.
Founded in 2018, ADQ managed $225 B in assets as of June, spanning industries such as energy, critical minerals, transport, and logistics. Its portfolio includes major domestic companies, including Etihad Airways.
Source: Zawya
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