"source" 6.19 billion dirhams of green bond revenues
Abu Dhabi, August 18/ WAM/ Abu Dhabi Future Energy Company “Masdar”, one of the leading international companies in the field of clean energy, announced its issuance today for the 2024 green financing report, which highlights renewable energy projects funded through the green bond versions of the “Masdar” company and the tangible impact and results.
The report indicates that more than 6.19 billion dirhams have been allocated “more than $ 1.685 billion” from the revenues of green bonds issued in 2023 and 2024 until the period ending December 31, to develop new projects in the fields of solar energy, land and sea wind energy, and energy storage systems, which contributed to supporting the development of the clean energy sector in the UAE, the Kingdom of Saudi Arabia, and the United States, Germany and the United Kingdom, as well as markets such as Uzbekistan, Azerbaijan and Serbia.
The report shows that every 3.67 million dirhams “about one million dollars” was invested through green source bonds in clean energy projects, contributing to the avoidance of about 3,700 tons of carbon dioxide emissions annually, raising the total emissions that have been avoided to more than 6.28 million tons annually.
Mazen Khan, the financial head of the “Masdar” company, said that the source of green finance is based on the allocation of capital within a disciplined framework, and to integrate the criteria of environmental, social and institutional governance effectively, in addition to adhering to transparency in disclosure.
He expressed pride in directing bond returns towards new green projects according to strict criteria, which contributes to paying the clean energy wheel, while maintaining high financial efficiency and enhancing investor confidence.
The Masdar Company had spoken in March of this year its green financing framework, with the aim of expanding the scope of qualified projects to include green hydrogen and systems of independent energy storage batteries.
After that, the Moody’s Investor Services Classified Classification of Sustainability Quality for “Source” at the “SQS1” level “Mumtaz”, within the opinion of the second party, confirming the framework of the framework with international best practices, including the principles of green bonds issued by the “International Capital Markets” and green loan principles.
The issuance of “Masdar” company for green bonds worth 3.67 billion dirhams “about one billion dollars” in May 2025 is large, as the subscription applications offered exceeded at a rate of 6.6 times.
The bonds were allocated by 85% for international investors and 15% for investors of the Middle East and North Africa.
With this version, the total of what the company has gathered since the launch of the green bond program in 2023 to 10.089 billion dirhams “about 2.75 billion dollars”.
The green bond program is part of broader financing activities implemented by the “Masdar” company, and this includes obtaining financing according to a formula without the right to return at a value of 22,035 billion dirhams “6 billion dollars” in 2024 to develop 12 clean energy projects in 9 countries with a total production capacity of 11 GW.
In confirmation of its commitment to transparency in the field of sustainable financing, the Masdar company at Ernest & Young used a limited review with the aim of verifying the allocation of revenues and some indicators of the environmental impact contained in the Green Finance Report for 2024.
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