Masdar Raises $1 Billion for Renewable Energy Projects through Green Bonds
Key Ideas
- Masdar, a clean energy developer based in Abu Dhabi, raised $1 billion through green bonds for new renewable energy projects, showcasing strong investor demand.
- The funds will be used to invest exclusively in new greenfield renewable energy projects, including those in developing economies, to advance their goal of reaching 100 GW of renewable energy capacity and 1 million tonnes of green hydrogen production by 2030.
- Masdar's successful issuance follows a previous $750 million green bond offering in 2023, which has been used to fund clean energy projects in emerging markets and the Global South, mitigating greenhouse gas emissions.
- The CEO of Masdar, Mohamed Jameel Al Ramahi, expressed confidence in the company's financial robustness and sustainability credentials, emphasizing the role of the funds in supporting an equitable energy transition and increasing energy access in emerging markets.
Masdar, a clean energy-focused developer based in Abu Dhabi, recently announced the successful issuance of $1 billion through green bonds to fund new renewable energy projects. The offering, which included $500 million each of 5- and 10-year bonds, was 4.6 times oversubscribed, indicating strong investor interest. Masdar, founded in 2006, aims to scale its global renewable energy capacity to 100 GW and green hydrogen production to 1 million tonnes by 2030. The company's previous $750 million green bond offering in 2023 has already been used to support clean energy projects in emerging markets and the Global South, with a significant impact on mitigating greenhouse gas emissions. The latest green bond issuance will continue this trend by investing exclusively in new greenfield renewable energy projects, including those in developing economies. Mohamed Jameel Al Ramahi, the CEO of Masdar, highlighted the importance of these funds in advancing their ambitious portfolio and playing a key role in supporting an equitable energy transition while increasing energy access in emerging markets and the Global South. This move signifies investor confidence in Masdar's financial strength and sustainability initiatives, reinforcing the company's position as a leading player in the renewable energy sector.
Topics
Green Hydrogen
Renewable Energy
Sustainability
Investment
Finance
Emerging Markets
Green Bonds
Global South
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