Masdar, the UAE’s state-owned renewable energy giant, is gearing up to solidify its position in international debt markets as it pursues an ambitious goal of achieving 100 gigawatts of renewable energy capacity by 2030. This strategic move follows a robust fundraising initiative that saw the company raise $1 billion through green bond issuances in May 2024, adding to its earlier offerings of $750 million and $1 billion in the years leading up to 2025.
The company’s Chief Financial Officer, Mazin Khan, noted that Masdar anticipates becoming a “repeat bond issuer” to fuel its expansion. In a discussion with AGBI, Khan remarked, “There is a significant amount of growth anticipated over the next five to six years. To fund and drive that growth, we will require financing.” Such statements underline Masdar’s proactive approach to securing capital for its ambitious projects aimed at scaling its global renewable energy portfolio.
Remarkably, the $1 billion bond issuance was significantly oversubscribed, generating interest nearly seven times the amount offered. The bonds were issued in two tranches of $500 million each, with maturities set at five and ten years, and featured coupon rates of 4.875% and 5.375%, respectively. These favourable terms not only highlight investor confidence but also align with Masdar’s long-term strategy to enable clean energy projects under its Green Finance Framework.
Looking ahead, Masdar plans to initiate further bond issuances as it prepares to ramp up investments in renewable projects globally. The company’s commitment to sustainability has been reinforced through successful earlier issuances, such as its first green bond in July 2023, which raised $750 million and was 5.6 times oversubscribed. The proceeds were earmarked for clean energy initiatives, part of an overarching plan to raise up to $3 billion for renewable energy developments.
Beyond financial manoeuvring, Masdar is actively expanding its operational footprint. Recently, it completed the acquisition of Greece’s Terna Energy, a significant step that reflects its strategic intent to penetrate the European market, particularly in the realms of solar and wind energy. This move underlines the firm’s aspirations to not only contribute to local energy transitions but also to bolster its own renewable capacity amidst fluctuating global energy valuations.
Moreover, Masdar’s acquisition strategy continues to unfold within Europe. Notably, in March 2025, the company acquired Valle Solar in Spain, further consolidating its position in one of Europe’s key renewable sectors. This plant, capable of generating 259 MW, is part of an extensive operational roadmap aimed at achieving substantial green energy output within the region.
Overall, Masdar’s multifaceted approach—ranging from active participation in bond markets to strategic acquisitions—positions it as a formidable player in the global renewable energy landscape. As it advances toward its 2030 target, the firm reflects the broader shifts within the energy sector, emphasising sustainability, financial growth, and international collaboration.
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Source: Noah Wire Services
- https://thefinanceworld.com/masdar-plans-more-bond-issuances-to-support-renewables-expansion/ – Please view link – unable to able to access data
- https://masdar.ae/en/news/newsroom/launched-first-us-750-million-10-year-green-bond – In July 2023, Masdar, the UAE’s flagship renewable energy company, successfully launched its first green bond issuance, raising US$750 million through 10-year senior unsecured notes. The bond was 5.6 times oversubscribed, reflecting strong investor confidence in Masdar’s financial strength and sustainability credentials. The net proceeds are designated exclusively for new clean energy projects under Masdar’s Green Finance Framework, marking a significant step in the company’s long-term plan to raise up to US$3 billion for renewable energy initiatives.
- https://masdar.ae/en/news/newsroom/green-bond – In July 2024, Masdar raised US$1 billion through its second green bond issuance, comprising two tranches of US$500 million each with maturities of 5 and 10 years. The bond was 4.6 times oversubscribed, underscoring significant investor confidence in Masdar’s growth and sustainability credentials. The proceeds are allocated to fund new greenfield renewable energy projects under Masdar’s Green Finance Framework, supporting the company’s goal of expanding its renewable energy portfolio to 100GW by 2030.
- https://www.reuters.com/business/energy/uae-renewable-energy-firm-masdar-completes-purchase-greeces-terna-energy-2025-04-10/ – In April 2025, Masdar completed the full acquisition of Greece’s Terna Energy, furthering its international expansion strategy. Initially, Masdar purchased a 70% stake in Terna in November 2024, valuing the company at €3.2 billion. The remaining shares were acquired through a mandatory tender offer and a squeeze-out process. Masdar CEO Mohamed Jameel Al Ramahi emphasized that this acquisition demonstrates the firm’s commitment to supporting Greece and Europe’s energy transition.
- https://www.ft.com/content/1386a3e7-db11-43b6-ad07-900c401a66a3 – In November 2024, Masdar announced its ambitious plan to increase its wind and solar capacity to 100 gigawatts by 2030. This target would make it one of the world’s largest renewable energy companies, surpassing industry giants like Iberdrola, Engie, and RWE. The Abu Dhabi-based group, part-owned by Adnoc, Taqa, and Mubadala, has already secured deals worth nearly €6.5 billion in Spain and Greece, and has acquired Terra-Gen in the US. They also hold a significant stake in the UK’s Dogger Bank South offshore wind farm project.
- https://cincodias.elpais.com/companias/2025-03-27/abu-dabi-vuelve-a-apostar-por-las-renovables-espanolas-masdar-compra-una-de-las-mayores-plantas-fotovoltaicas.html – In March 2025, Masdar, the renewable energy company of the Abu Dhabi government, acquired Valle Solar in Valencia, one of the largest photovoltaic plants in Spain, with a capacity of 234 MW and potential 259 MW through batteries. The plant, owned by Genia Solar Energy and Solar Ventures, is expected to be operational in 2027. This investment is part of Masdar’s plan to reach 100 GW of green energy in Spain by 2030, following the purchase of a 49% stake in four solar parks from Endesa and a 2,000 MW portfolio, with a total investment of nearly €1 billion.
- https://www.ft.com/content/42b3737f-e252-41bf-8028-24d00ca32d48 – In July 2024, Masdar, the UAE’s state-backed green energy group, announced plans for further European acquisitions following its purchase of Greece’s largest renewables company, Terna Energy, for €3.2 billion. This move marks the beginning of Masdar’s broader expansion into central and eastern Europe, focusing on regions like Serbia, Montenegro, and Poland. The renewable energy sector, which has faced financial strains due to higher interest rates, is currently seeing lowered valuations, making it an opportune moment for acquisitions.
Noah Fact Check Pro
The draft above was created using the information available at the time the story first
emerged. We’ve since applied our fact-checking process to the final narrative, based on the criteria listed
below. The results are intended to help you assess the credibility of the piece and highlight any areas that may
warrant further investigation.
Freshness check
Score:
8
Notes:
The narrative references Masdar’s recent $1 billion green bond issuance in May 2024, which aligns with the latest available information. However, the article also mentions earlier bond issuances from 2023 and 2025, which may not be accurate. Additionally, the article includes a reference to a Reuters report from April 2025, which is outdated. The presence of outdated information suggests that the content may have been recycled or not updated recently. The inclusion of a press release indicates that some content is original, but the overall freshness is compromised by the outdated references. ([masdar.ae](https://masdar.ae/en/news/newsroom/green-bond?utm_source=openai)) ([masdar.ae](https://masdar.ae/en/news/newsroom/launched-first-us-750-million-10-year-green-bond?utm_source=openai)) ([reuters.com](https://www.reuters.com/world/middle-east/gulf-issuers-plan-more-debt-sales-undeterred-by-recent-market-turmoil-sources-2025-04-21/?utm_source=openai))
Quotes check
Score:
7
Notes:
The article includes direct quotes from Masdar’s CFO, Mazin Khan, regarding the company’s plans to become a “repeat bond issuer” and the anticipated growth over the next five to six years. These quotes are consistent with statements made in Masdar’s official press releases from July 2024. However, the article does not provide specific dates for these statements, making it difficult to verify their originality. The lack of precise sourcing raises concerns about the exclusivity and originality of the content. ([masdar.ae](https://masdar.ae/en/news/newsroom/green-bond?utm_source=openai))
Source reliability
Score:
5
Notes:
The narrative originates from ‘The Finance World,’ a source that does not have a verifiable online presence or established reputation. This lack of credibility raises concerns about the reliability of the information presented. ([masdar.ae](https://masdar.ae/en/news/newsroom/green-bond?utm_source=openai))
Plausability check
Score:
6
Notes:
The article discusses Masdar’s plans to issue more green bonds to support its renewable energy expansion, which is plausible given the company’s previous bond issuances and stated goals. However, the inclusion of outdated information and the lack of specific sourcing for key statements diminish the overall credibility of the narrative. ([masdar.ae](https://masdar.ae/en/news/newsroom/green-bond?utm_source=openai))
Overall assessment
Verdict (FAIL, OPEN, PASS): FAIL
Confidence (LOW, MEDIUM, HIGH): MEDIUM
Summary:
The narrative presents a mix of accurate and outdated information, with references to events and statements that are not current. The reliance on a source with questionable credibility further undermines the trustworthiness of the content. The lack of precise sourcing for key statements raises concerns about the originality and exclusivity of the information presented. ([masdar.ae](https://masdar.ae/en/news/newsroom/green-bond?utm_source=openai))
