Tag: Masdar

Octopus and Masdar forge strategic pact to turbocharge clean energy systems in the UK and Africa

Stuart Mitchell

Octopus Energy, the global energy tech disruptor, has signed two Memoranda of Understanding (MOUs) with Abu Dhabi Future Energy PJSC – Masdar, a global clean energy leader, for initiatives in the UK and Africa. Octopus and Masdar will look to work together to free up hidden capacity across the UK’s distribution network to power the next generation of data centres. The companies signed the agreements during Abu Dhabi Sustainability Week in the UAE. The UK is facing an unprecedented crunch on grid connections, with renewable energy projects often waiting years…

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

Stuart Mitchell

Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, recently announced it has successfully raised USD1 billion through its second green bond issuance, under its Green Finance Framework. The announcement comes one year after the company’s first successful issuance of USD750 million on the International Securities Market of the London Stock Exchange. The issuance comprises dual tranches of US$500 million each, with tenors of 5 and 10 years and coupons of 4.875% and 5.25% respectively. There was strong appetite from regional and international investors with the…

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Daimler Truck and Masdar explore liquid green hydrogen supply options to decarbonize road freight transport in Europe

Stuart Mitchell

Masdar, the UAE’s clean energy powerhouse, and Daimler Truck Holding AG (“Daimler Truck”), one of the world’s leading commercial vehicle manufacturers, have signed a Memorandum of Understanding (MoU) to explore the feasibility of liquid green hydrogen exports from Abu Dhabi (UAE) to Europe by 2030. The MoU was signed in Abu Dhabi by Fawaz Al Muharrami, Executive Director of Clean Energy and Deputy COO at Masdar and Martin Daum, Chairman of the Board of Management and CEO of Daimler Truck.  The collaboration between the two pioneering companies with complementary roles…

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Masdar celebrates the work of Emirati Women sustainability champions

Stuart Mitchell

Masdar is honoring the outstanding achievements and invaluable contributions of remarkable Emirati women who are working to build a sustainable future for all. A new campaign, launched by Masdar in celebration of Emirati Women’s Day, features prominent Emirati sustainability pioneers who are at the forefront of the UAE’s global sustainability mission, alongside several young Emirati women who are set to be amongst the next generation of sustainability leaders. The campaign also spotlights the work of WiSER (Women in Sustainability, Environment and Renewable Energy), Masdar’s global platform that champions women as…

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Masdar launches first US$750 million 10-year Green Bond

Stuart Mitchell

Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. There was exceptionally strong appetite from regional and international investors with the orderbook peaking at US$ 4.2bn, i.e. oversubscription of 5.6x. Pricing tightened 35bps between launch and final terms, with a final landing spread of 115bps over US Treasuries and a coupon of 4.875%. Allocation was finalized with a split of 87.5% to international investors and 12.5% to MENA investors. The debut green bond…

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