As per Masdar officials, the funding round means that demand for clean and affordable energy is still on the rise and 70% of the allocations came from international investors, according to ESG Today.

Abu Dhabi-based Masdar develops large scale renewable energy and green hydrogen projects worldwide and the company wants to scale its green power capacity to 100 GW, while hydrogen production, to 1 million tons by 2030.

Masdar had its inaugural green bonds issuance of 750 million USD back in 2023, which was used to fund green power projects in emerging markets and the Global South with 3.7 GW of nominal capacity. These projects are expected to cut emissions by 5.4 million tons once they go into operation.

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said that "the funds will be pivotal in advancing our ambitious portfolio of renewable energy projects, further cementing our role as a key player in supporting an equitable energy transition by increasing energy access in emerging markets and the Global South."