Mubadala Development Co., the Abu Dhabi government-owned investment firm that formed an $8 billion venture today with General Electric Co., is seeking renewable- energy investments in Germany, Handelsblatt said.

A Mubadala unit is now in talks with unidentified renewable- energy producers in Europe's largest economy, the newspaper said, citing the firm's chief executive officer, Khaldoon Al Mubarak.

GE, turning to sovereign wealth as it exits U.S. consumer financing, plans to profit from commercial investments in the Middle East and Africa with Mubadala. The state-owned fund also said today it wants to become a top-10 shareholder in GE.