Masdar, one of the world’s leading clean energy companies, has announced the successful deployment of more than US$1.685 billion from its 2023 and 2024 green bond issuances into renewable energy projects worldwide. The details were revealed in its newly published 2024 Green Finance Report, which highlights the company’s commitment to advancing sustainability through disciplined green financing.
Driving Global Renewable Energy Growth
The allocated funds have been invested in solar, wind, and energy storage projects across multiple markets, including the UAE, Saudi Arabia, the United States, Germany, the UK, Uzbekistan, Azerbaijan, and Serbia. According to Masdar, every US$1 million invested avoids nearly 3,700 tonnes of CO₂ emissions annually, with the total avoided emissions from its green bonds exceeding 6.28 million tonnes per year.
Strong ESG Commitment and Transparency
Mazin Khan, Chief Financial Officer of Masdar, emphasized the importance of sustainability in the company’s financing strategy, stating:
“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.”
Earlier this year, Masdar updated its Green Finance Framework to include eligibility for green hydrogen and stand-alone battery storage technologies. Following this update, Moody’s reaffirmed Masdar’s Sustainability Quality Score (SQS1 – Excellent), ensuring alignment with global standards such as the ICMA Green Bond Principles.
Investor Confidence Remains Strong
Masdar’s green bond program continues to attract strong investor demand. Its US$1 billion green bond issued in May 2025 was oversubscribed 6.6 times, with 85% allocated to international investors. Since its inception in 2023, the program has raised a total of US$2.75 billion.
Beyond bond financing, Masdar secured US$6 billion in non-recourse financing in 2024 to develop 11GW of renewable capacity across 12 projects in nine countries. To enhance transparency and credibility, Ernst & Young carried out an independent assurance review of the 2024 Green Finance Report, covering both the allocation of proceeds and the associated environmental impact metrics.
A Sustainable Future Ahead
With its robust financing model, international partnerships, and growing portfolio, Masdar continues to strengthen its position as a global leader in renewable energy investment and sustainable finance. The company’s efforts highlight the critical role of green bonds in accelerating the global transition toward net-zero emissions.
