Abu Dhabi-based Masdar has allocated over $1.685 billion in green bond proceeds from 2023 and 2024 to new solar, onshore and offshore wind, and energy storage projects.

These projects are promoting clean energy development in the UAE, Saudi Arabia, the US, Germany, and the UK, as well as in markets like Uzbekistan, Azerbaijan, and Serbia.

For every $1 million invested through Masdar green bonds, approximately 3,700 tonnes of carbon emissions are avoided annually through beneficiary projects.

The company’s Green Finance Framework has been revised to include green hydrogen and stand-alone battery energy storage systems.

Moody’s Investor Services reaffirmed Masdar’s Sustainability Quality score of SQS1 (Excellent) in its Second Party Opinion, confirming its alignment with international best practices.

The demand for Masdar’s $1 billion green bond issuance in May 2025 led to a 6.6x oversubscription, with allocation finalised at a split of 85 per cent to international investors and 15 per cent to Mena investors.

This year’s issuance brings the total amount raised since the company began its green bond programme in 2023 to $2.75 billion.

Mazin Khan, Chief Financial Officer at Masdar, said: "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."