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Abu Dhabi Future Energy Company PJSC – Masdar, one of the world’s leading clean energy companies, has announced that it grew its clean energy portfolio and advanced pipeline of clean energy capacity to 31.5GW in 2023. Masdar generated more than 26,700GWh of clean energy and avoided 14 million tonnes of CO2e, up from 10 million tonnes the previous year.
This is the equivalent of removing almost 870,000 cars from the road . The figures were detailed in Masdar’s annual Sustainability Report, which showed a significant expansion of its clean energy capacity and resulting impact on CO2 avoidance, as well as plans for growth through an ambitious sustainable bond programme. The report, which covers Masdar’s global operations for 2023, highlights the launch of the company’s roadmap to a $3 billion green bond offering at the London Stock Exchange to unlock investment in renewable energy across the globe.
Till date, Masdar has developed and partnered in projects in more than 40 countries across six continents, with a clear mandate to increase its renewable energy portfolio capacity to 100GW by 2030..
