In 2022, Mubadala, in partnership with Global Infrastructure Partners, acquired a 100% stake in Skyborn Renewables, one of the largest private offshore wind developers in the world. The investment included a 50% interest in Bluepoint Wind, a 1.6 gigawatt offshore wind project in the U.S. In the same year, Mubadala acquired a stake in AirCarbon Exchange, a fully regulated carbon trading exchange based in Abu Dhabi. Project Decarb is Mubadala’s portfolio engagement effort to aid in the U.A.E.’s net zero commitment, implementing Decarbonisation Pathway Programs for transitioning companies.