Abu Dhabi, United Arab Emirates – Abu Dhabi Future Energy Company “Masdar“, one of the leading global companies in the field of clean energy, announced today the release of its 2024 Green Finance Report.
The report highlights renewable energy projects financed through Masdar’s green bond issues and their tangible impact and results.
The report indicates that more than 6.19 billion dirhams, “more than $1.685 billion,” were allocated from the proceeds of green bonds issued in 2023 and 2024. The funds, up to the period ending December 31, were used to develop new projects in solar energy, onshore and offshore wind energy, and energy storage systems.
The report shows that every 3.67 million dirhams, “about one million dollars,” invested through green source bonds in clean energy projects contributes significantly. It helps to avoid about 3,700 tons of carbon dioxide emissions annually.
This brings the total emissions avoided to more than 6.28 million tons annually.
Mazen Khan, Chief Financial Officer of Masdar, said that Masdar’s green finance strategy is based on allocating capital within a disciplined framework.
He expressed pride in directing bond yields towards new green projects according to strict standards. This contributes to driving clean energy, while maintaining high financial efficiency and enhancing investor confidence.
Frame modification
In March of this year, Masdar updated its green financing framework.
This aims to expand the scope of eligible projects to include green hydrogen and autonomous energy storage battery systems.
Masdar’s issuance of green bonds worth AED 3.67 billion in May 2025 witnessed great demand. Subscription requests exceeded the offer by 6.6 times.
The bonds were allocated 85% to international investors and 15% to investors in the Middle East and North Africa region.
With this issuance, the total amount the company has raised since launching its green bond program in 2023 rises significantly. It amounts to AED 10.089 billion “approximately $2.75 billion”.
The green bond program represents part of broader financing activities implemented by Masdar.
This includes obtaining financing in a formula without the right of return worth 22,035 billion dirhams in 2024. The financing is aimed at developing 12 clean energy projects in 9 countries.
