Masdar Allocates $1.7B from Green Bonds to Global Renewable Energy Projects
Masdar has allocated over US$1.685 billion from its 2023 and 2024 green bond issuances to renewable energy and storage projects across nine countries, according to its 2024 Green Finance Report. Investments span solar, wind, and energy storage developments in markets including the UAE, Saudi Arabia, the US, Germany, the UK, Uzbekistan, Azerbaijan, and Serbia.
The company reports that each US$1 million invested helps avoid approximately 3,700 tonnes of COâ‚‚ emissions annually, with total avoided emissions reaching more than 6.28 million tonnes per year from these projects.
Mazin Khan, Chief Financial Officer at Masdar, emphasized the company's commitment to disciplined capital allocation, strong ESG integration, and transparent reporting. The firm recently updated its Green Finance Framework to include financing for emerging technologies such as green hydrogen and battery storage. This update contributed to Moody's reaffirming Masdar's Sustainability Quality Score of SQS1 (Excellent).
Investor interest remains robust, with Masdar's US$1 billion green bond issued in May 2025 oversubscribed 6.6 times, predominantly by international investors. Since launching its green bond program in 2023, Masdar has raised a total of US$2.75 billion. In addition to bond financing, the company secured US$6 billion in non-recourse funding last year to develop 11GW of clean energy capacity across multiple projects.
An independent assurance review by Ernst & Young verified the allocation of proceeds and impact metrics reported by Masdar.