Projects with gross capacity of 66.5 GW
Operational, under construction, committed and advanced pipeline
USD 2.75 billion
Green bonds outstanding
AA-/A1/AA-
Ratings from S&P, Moody’s and Fitch
74
ESG rating from Sustainable Fitch
Green Finance Framework
Masdar’s Green Finance Framework has been developed to provide investors and stakeholders with information regarding our commitment to adhering to the international gold standard for the allocation of funds obtained from green bonds, loans and other financial instruments raised to finance Masdar’s investments at home and overseas.
Our Green Finance Framework has been assigned a Sustainability Quality Score of SQS1 (Excellent) by Moody’s Investor Services, its second party opinion provider. This reflects best practices alignment with the four components of the Green Bond Principles and the Green Loan Principles, and a high expected contribution to sustainability.
Revolving credit and trade finance facilities
In line with our prudent liquidity management strategy, Masdar maintains revolving credit facilities with a diversified syndicate of 25 leading international banks to support general corporate funding requirements. The successful renewal of our USD syndicated revolving credit facility in 2026 expanded the lending group from 12 to 25 international banks, reflecting the continued confidence of the international banking community in Masdar's credit profile and growth strategy.
Credit ratings
Masdar’s long term credit ratings reflect the continuing support from the government of Abu Dhabi and the strong standalone credit profile of our business.
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A1
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AA-
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AA-
Financial Information and Bond Programme
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Currency Amount Out. (mm) Coupon (%) Maturity date Issue date ISIN MSCI Green Bond Download USD
500 5.375% 21 May 2035 21 May 2025 XS3074435978 Aligned USD
500 4.875% 21 May 2030 21 May 2025 XS3074432959 Aligned USD
500 5.250% 25 July 2034 25 July 2024 XS2856902189 Aligned USD
500 4.875% 25 July 2029 25 July 2024 XS2865538776 Aligned USD 750 4.875% 25 July 2033 25 July 2023 XS2651619285 Aligned
Masdar is deeply connected to the institutions shaping the world’s energy transformation
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Masdar has received multiple awards for its financing activities including:
1. the Bonds, Loans and Sukuk Middle East Awards – ESG Bond Deal of the Year 2023 for its 2023 Green Notes;
2. the IJ Global Awards Asia-Pacific Portfolio Financing Deal of the Year award for its Sherabad PV, Jizzakh PV and Samarkand PV projects in 2023;
3. the IJ Global Awards MENA Solar Deal of the Year for its DEWA 6 PV project in 2023;
4. The IJ Global Awards Asia-Pacific Renewables Deal of the Year – Wind and the Project Finance International Awards Central Asian Deal of the Year award, in each case for its Zarafshan Wind project in 2022;
5. the IJ Global Awards MENA Renewables Solar Deal of the Year and the Middle East Solar Industry Association Utility Scale Project of the Year awards, in each case for its Al Dhafrah PV project in 2021;
6. the IJ Global Awards APAC Renewables Solar – Frontier Market Deal of the Year award for its Nur Navoi PV project in 2021;
7. the IJ Global Awards Europe Refinancing Renewables Offshore Wind Deal of the Year award for its London Array Offshore Wind project in 2021;
8. the Asian Power Awards Solar Power Project of Year (Indonesia) award and the Asia-Pacific Solar Deal of the Year award, in each case for its Cirata Floating PV project in 2021.
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