Masdar raises US$1 billion in green bonds for new renewable power projects
- Admin
- Jul 22, 2024
- 1 min read
Masdar, a UAE state-owned renewable energy company, raised US$1 billion through two green bonds to support the development of new clean energy projects. The funds will be used for new greenfield renewable energy projects, aiming to expand the company's renewable power portfolio to 100GW by the end of the decade. Masdar CEO Mohamed Jameel Al Ramahi highlighted the importance of the funds in advancing their renewable energy projects. Masdar has a total renewable power capacity of 21GW in operation, construction, and committed projects.
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