Masdar noted that the request for financing was significantly oversubscribed, with investors pledging up to US$4.6 billion, suggesting that there is significant interest in expanding the company’s renewable power portfolio. The company currently has 21GW of renewable power capacity in operation, under construction and committed in new utility-scale projects, alongside a further 10GW in what Masdar calls “various stages of development”.
“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,” said Masdar CEO Mohamed Jameel Al Ramahi.
The latest round of financing follows the company’s raising of US$750 million last year in a separate green bond. Earlier this month, the company published the results of this financing in its 2023…
