ENERGY RE-SHAPING CLEAN ENERGY
MASDAR’S REMARKABLE 2024: REDEFINING RENEWABLE ENERGY LEADERSHIP
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M asdar has solidified its in a world that increasingly demands sustainable solutions. In 2024, the company achieved significant milestones, cementing its role as a leader in the global energy transformation and setting new benchmarks for growth, innovation and impact. With a bold vision, Masdar continues to demonstrate what is possible when ambition meets action. In its Annual Sustainability Report position as a global leader in renewable energy, driving transformative progress published in mid-2024, Masdar highlighted that its capacity had increased significantly. This milestone is a testament to Masdar’s ability to scale solutions that meet the growing global demand for clean energy. At a time when the world is grappling with the impacts of climate change, this achievement underscores Masdar’s commitment to driving meaningful change on a global scale. This growth has been driven by strategic investments in key markets worldwide. In the United States, Masdar acquired a 50 percent stake in Terra-Gen, one of the country’s largest independent renewable energy producers. This landmark acquisition has not only strengthened
From record-breaking green bonds to landmark hydrogen innovations and global wind projects, Masdar’s 2024 milestones highlight its pivotal role in the global energy systems transformation. Discover how this UAE leader is driving sustainability, creating impact, and reshaping the future of clean energy.
Mohamed Jameel Al Ramahi , Chief Executive !ؗ -Β . -
clean energy in 2023—enough to power millions of homes. Just as importantly, its projects avoided 14 million tonnes of CO2 emissions. These accomplishments are not just the result of financial investment but also the outcome of innovative strategies in sustainable financing. This year, Masdar issued its second Green Bond, valued at USD$1 billion. The proceeds from this issuance are being directed towards meeting its equity funding commitments for new greenfield projects. It comes a year after its first $750 million Green Bond issuance, where proceeds of a total $653 million were allocated towards fulfilling renewable energy projects in the UAE, Uzbekistan and Azerbaijan.
Masdar’s presence in North America but also reinforced its commitment to solidifying its operations across geographies. In Greece, Masdar secured a majority share in TERNA ENERGY, a clean energy leader, in a transaction that marked the largest energy deal ever on the Athens Stock Exchange. In Spain, Masdar continued its European expansion through a strategic partnership with Endesa and the acquisition of Saeta Yield, adding 2.5GW of renewable energy assets to its portfolio. Masdar has developed and partnered in projects in more than 40 countries across six continents, those of which generated an impressive 26,702GWh of
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THE FUTURE OF ENERGY
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