Masdar’s 2024 Green Finance Report shows over US$1.685 billion in green bond proceeds supporting clean energy projects globally.
ABU DHABI: Masdar, the Abu Dhabi Future Energy Company PJSC, has released its 2024 Green Finance Report, revealing the allocation of over US$1.685 billion in green bond proceeds to renewable energy projects around the world. The report outlines the significant environmental impact and expansion of clean energy infrastructure that these funds have enabled.
By the end of 2024, proceeds from Masdar’s green bond issuances in 2023 and 2024 supported new solar, onshore and offshore wind, and energy storage projects in the UAE, Saudi Arabia, the US, UK, Germany, Serbia, Uzbekistan, and Azerbaijan. According to the report, every US$1 million invested through Masdar’s green bonds helps avoid around 3,700 tonnes of CO2 emissions annually—adding up to more than 6.28 million tonnes avoided per year globally.
Mazin Khan, Masdar’s Chief Financial Officer, emphasised the company’s commitment to strict ESG standards 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,” he stated.
Masdar’s updated Green Finance Framework now includes funding for advanced technologies such as green hydrogen and stand-alone battery energy storage systems. The revised framework has received top-tier validation from Moody’s Investor Services, which reaffirmed a Sustainability Quality Score of SQS1 (Excellent).
In May 2025, Masdar’s latest US$1 billion green bond saw overwhelming interest with a 6.6x oversubscription. The investor split consisted of 85 percent international participation and 15 percent from the MENA region. Since launching its green bond programme in 2023, Masdar has raised a total of US$2.75 billion.
The report also highlights that Masdar secured an additional US$6 billion in non-recourse financing in 2024 to develop 11GW of clean energy capacity across 12 projects in nine countries. All reported data and impact metrics were independently reviewed by Ernst & Young, further reinforcing Masdar’s commitment to transparency in sustainable finance.
