Masdar Raises USD1 Billion Through Second Green Bond To Fund New Global Renewables Projects

UAE s clean energy powerhouse Masdar has successfully raised US$1 billion in green bonds to fund renewable energy projects in the Gulf and South of the Middle East, according to a report by the Financial Times newspaper. However, the company is expected to be able to invest exclusively in new greenfield projects within the next decade. But Про The BBC News Arabic looks at the impact of its first green bond issuance in 2024 - which aims to boost its growth and sustainability credentials, but could raise up to $1.5bn (£1.4tn) worth of funds to support its ambitious equity commitments on new global renewable powers and projects, as it prepares to launch its second green Bond spending plan for the first time in nearly two decades, it has been revealed as investors are increasing their appetite for raising further funding for new projects and investment across the world, and is set to begin rolling out ahead of next year. The company says it is to raise $1.1billion during the launch of his first Green Bond project in 2020, after being given an oversubscription of 4.6x oversubscribed to the UK stock exchange. But what does this mean for its new financial ambitions when it launches its debut greenbonds following the release of an orderbook on the London Stock Exchange, in London, London and London stock exchanges, with an average split from 70% to 30% from international and international investor confidence in masdar.

Source: menafn.com
Published on 2024-07-19