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Abu Dhabi, August 2025 — Abu Dhabi Future Energy Company PJSC (Masdar), a global leader in renewable energy, has announced the successful deployment of more than US$1.685 billion in green bond proceeds from its 2023 and 2024 issuances. The funds have been allocated to solar, wind, and energy storage projects across nine countries, according to the company’s newly released 2024 Green Finance Report.
🌍 Global Deployment and Environmental Impact
Masdar’s green bond investments span key markets, including:
- United Arab Emirates
- Saudi Arabia
- United States
- Germany
- United Kingdom
- Uzbekistan
- Azerbaijan
- Serbia
Each US$1 million invested through the program results in the avoidance of approximately 3,700 tonnes of COâ‚‚ equivalent emissions annually, contributing to a total of over 6.28 million tonnes of avoided emissions per year.
đź’¬ Leadership Commentary
Mazin Khan, Masdar’s Chief Financial Officer, emphasized the company’s commitment to sustainability and transparency:
“Masdar’s green finance strategy is underpinned by disciplined capital allocation, robust ESG integration and transparent reporting. We are proud to deploy bond proceeds towards greenfield projects under strict criteria, enabling clean energy progress while maintaining a high level of financial efficiency and investor confidence.”
🔄 Framework Expansion and Investor Confidence
In March 2025, Masdar updated its Green Finance Framework to include eligibility for green hydrogen and stand-alone battery energy storage systems, reflecting its commitment to next-generation technologies. Following the revision, Moody’s Investor Services reaffirmed Masdar’s Sustainability Quality Score of SQS1 (Excellent), confirming alignment with international standards such as the ICMA Green Bond Principles.
Investor demand remains robust. Masdar’s US$1 billion green bond issuance in May 2025 was oversubscribed 6.6 times, with 85% allocated to international investors, underscoring global confidence in the company’s clean energy strategy. Since launching its green bond program in 2023, Masdar has raised a total of US$2.75 billion.
đź’° Broader Financing and Assurance
Beyond green bonds, Masdar secured US$6 billion in non-recourse financing in 2024 to support the development of 11GW of clean energy capacity across 12 projects in nine countries. To ensure transparency and accountability, Ernst & Young conducted an independent limited assurance review of the 2024 Green Finance Report, covering both the allocation of proceeds and environmental impact metrics.
For further details, you can explore Masdar’s Green Finance Report.
Excerpts from esgnews.com
