Masdar (Abu Dhabi Future Energy Company) has raised $1 billion through its second green bond issuance under its Green Finance Framework.

The proceeds will fund Masdar's equity commitments on new greenfield projects, including those in developing economies, as the company aims to achieve a target portfolio capacity of 100GW by 2030.

The issuance, which consists of dual tranches of $500 million each, was successful with strong appetite from regional and international investors, with an order book peaking at $4.6 billion.

The allocation was finalised with an average split of 70 per cent to international investors and 30 per cent to Mena investors.

Masdar's Green Finance Framework has been used to fund projects in emerging markets and the Global South with 3.7GW in total nominal capacity.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Following the successful launch of our first green bond in 2023, our second green bond issuance for $1 billion underscores investor confidence in Masdar’s financial robustness and its sustainability credentials."