Abu Dhabi’s sovereign wealth fund is taking a major stake in the Greenlink interconnector between Ireland and the UK after receiving approval from European authorities. Mubadala, the investment group controlled by the Abu Dhabi government, will invest around $200 million in the 504 MW subsea electricity interconnector linking Ireland to the UK across the Irish Sea. Pre-existing investors Equitix from the UK and Baltic Cable from Sweden will make up the rest of the joint venture. Greenlink is operated through a Luxembourg company that the investors will now control. The cable is subject to regulation in both Ireland, through the…

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