Masdar Raises USD1 Billion Through Second Green Bond to Fund New Global Renewables Projects

Proceeds will be used to invest exclusively in new greenfield renewable energy projects under Masdar's Green Finance FrameworkBond demand 4.6x oversubscribed, reflecting significant investor confidence in Masdar's continued growth and sustainability credentialsProjects financed by Masdar's 2023 debut USD750 million green bond expected to mitigate 5.4 million tonnes in GHG emissions annuallyMasdar currently plans to raise up to USD3 billion in green bonds to support its goal of expanding portfolio to 100GW of renewable energy capacity by 2030and connect: facebook.com/masdar.ae and twitter.com/masdar

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transition and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 20 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

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