The global leader in clean energy, Abu Dhabi Future Energy Company PJSC (Masdar), released its 2024 Green Finance Report today, detailing the renewable energy projects funded by Masdar’s green bond issuances and the results attained.
As of December 31, more than US$1.685 billion in revenues from the issuing of green bonds in 2023 and 2024 had been distributed to new energy storage, onshore and offshore wind, and solar projects. In addition to markets like Uzbekistan, Azerbaijan, and Serbia, these deployments are accelerating the growth of clean energy in the United States, Germany, the United Kingdom, Saudi Arabia, the United Arab Emirates, and others.
According to the analysis, beneficiary projects prevent over 3,700 tons of CO2 emissions annually for every $1 million invested through Masdar green bonds. This means that about 6.28 million tons of CO2 are avoided annually as a result of its green bonds.
Masdar’s green finance strategy is supported by disciplined capital allocation, robust ESG integration, and transparent reporting,” stated Mazin Khan, the company’s chief financial officer. We are pleased to allocate bond proceeds, subject to stringent requirements, to greenfield projects, promoting sustainable energy advancement while upholding a high standard of investor confidence and financial efficiency.
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