In addition to accelerating Japan's decarbonisation programme, PAG REN I will help achieve the country's energy security ambitions by shifting its energy supply chain away from imported energy sources and towards domestic sources. The investment highlights Mubadala's growing portfolio of renewable and clean energy companies and technologies across Asia, Europe, and North America. In 2022, Mubadala invested in Tata Power's renewables platform in India to support the company with its target of contributing 30GW, 6 percent of India's total installed renewable energy capacity by 2030. In the same year, Mubadala acquired a stake in Skyborn Renewables, the world's largest private offshore wind developer.