Greenlink Interconnector Acquisition, Valuation, Funding & Investors

Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group for $1.1B in March 2025.

Greenlink Interconnector acquisition price

$1.1B

Acquired by Equitix, Baltic Cable +1 · Mar 2025

Key investors in Greenlink Interconnector

Greenlink Interconnector Overview

About Greenlink Interconnector

Greenlink Interconnector is an energy company. It supplies electricity transmission, energy security, and related infrastructure services.


Founded

2014

HQ

IrelandDublin

Status

Acquired

Customer focus

B2B

Revenue model

Usage-based

Valuation

$1.1B (acquired Mar 2025)

Sectors

Greenlink Interconnector Acquisition

Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group for $1.1B on 17 March 2025.

Partners Group agreed to sell Greenlink Interconnector, the 504 MW subsea electricity link between Great Britain and Ireland, to Baltic Cable and Equitix. The transaction valued Greenlink at an enterprise value of over EUR 1 billion. The interconnector has nominal capacity equivalent to powering around 380,000 homes and supports the integration of renewable generation, grid flexibility and energy security across the two markets. Partners Group had backed the project since 2019 and drove its delivery into operation.

Greenlink Interconnector acquisition details
AcquirerDateTypePrice
17 Mar 2025PE buyout$1.1B

Sources: partnersgroup.com

Greenlink Interconnector Funding History

Greenlink Interconnector has raised 1 funding round, plus 1 secondary share sale.

Greenlink Interconnector funding rounds

Greenlink Interconnector funding rounds
DateStageInvestorsRaisedDeal Summary
Jun 2026SecondaryMubadala (lead)$200MMubadala Investment Company, an Abu Dhabi sovereign investor, acquired a $200 million stake in the Greenlink electricity interconnector by purchasing Equitix's share in the joint venture between Equitix and Baltic Cable. The deal, announced in June 2026, grants Mubadala a position in the 504MW subsea HVDC cable linking Great Britain and Ireland, spanning approximately 190 kilometers. This investment reflects Mubadala's strategic focus on infrastructure assets that enhance connected, efficient, and resilient power systems, aligning with growing Gulf interest in stable European utility assets amid energy transition efforts. Greenlink is regulated by Ofgem and CRU, utilizing high-voltage direct current technology with a nominal capacity equivalent to powering around 380,000 homes. The project facilitates renewable energy flow between Ireland and Great Britain, supporting energy security and grid exposure for Abu Dhabi's existing UK power portfolio, following prior investments in Hornsea 3 and Zenobē.
Mar 2019Undisclosed stagePartners Group (lead)-Partners Group provided equity financing for Greenlink Interconnector, a project to build a 500 MW subsea electricity link between Ireland and Great Britain. The interconnector uses a high-voltage direct current cable system to connect the two power markets, improving security of supply and reducing average electricity costs in both countries. Greenlink had been developed by Element Power, which alongside funds managed by Hudson Sustainable Investments remained a major shareholder.

Who has invested in Greenlink Interconnector?

2 investors have backed Greenlink Interconnector across its funding rounds, including Mubadala and Partners Group.

Lead investors include Mubadala and Partners Group.


Greenlink Interconnector Investors

Investors in Greenlink Interconnector by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Greenlink Interconnector Competitors

Greenlink Interconnector competitors include listed companies like Polenergia, Edenor, Banpu Power and Superior Plus, and private ones like Aqualia and Rabigh Arabian Water & Electricity Company.

Public and private companies comparable to Greenlink Interconnector
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PolenergiaPolandPolandPublicly listed$1.1B$75M$1.1B1.6x
EdenorArgentinaArgentinaPublicly listed$2B$533M$1.1B0.6x
Banpu PowerThailandThailandPublicly listed--$1.1B-
Superior PlusCanadaCanadaPublicly listed$2.5B$473M$1.1B1.2x
AqualiaSpainSpainPrivate--$1.2B-
Rabigh Arabian Water & Electricity CompanySaudi ArabiaRabighPrivate$311M-$1.3B4.0x

Greenlink Interconnector Public Comps

Greenlink Interconnector is no longer listed, but its public comps include Polenergia, Edenor, Banpu Power, Superior Plus, Mahanagar Gas, XPLR Infrastructure, Middlesex Water, Transcorp Power, Celesc and Light SA.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Polenergia$1.1B$75M1.5x1.6x21.8x12.6x
Edenor$2B$533M0.7x0.6x2.6x4.9x
Banpu Power------
Superior Plus$2.5B$473M1.2x1.2x6.4x6.5x
Mahanagar Gas$856M$162M1.2x1.1x6.2x6.8x
XPLR Infrastructure$1.2B$607M11.8x10.7x23.0x-
Middlesex Water$195M$94M7.7x7.1x15.8x16.8x
Transcorp Power$299M$98M3.8x-11.6x-

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Common questions about Greenlink Interconnector

When was Greenlink Interconnector founded?Greenlink Interconnector was founded in 2014.
Where is Greenlink Interconnector headquartered?Greenlink Interconnector is headquartered in Dublin, Ireland.
Is Greenlink Interconnector publicly listed?No, Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group in March 2025.
Who acquired Greenlink Interconnector?Greenlink Interconnector was acquired by Equitix, Baltic Cable and Partners Group in March 2025.
How much was Greenlink Interconnector acquired for?Greenlink Interconnector was acquired for $1.1B in March 2025.
What was Greenlink Interconnector's last funding round?Greenlink Interconnector's last funding round was a undisclosed-stage round in March 2019, led by Partners Group.
Who are Greenlink Interconnector's investors?Greenlink Interconnector's investors include Partners Group and Mubadala.
Which companies are comparable to Greenlink Interconnector?Companies comparable to Greenlink Interconnector include Polenergia, Edenor, Banpu Power, Superior Plus, Aqualia and Rabigh Arabian Water & Electricity Company.

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