Masdar's 2024 Sustainability Report: A Milestone in Global Clean Energy Expansion

Masdar's 2024 Annual Sustainability Report reveals a remarkable 62% growth in its clean energy portfolio, now totaling 51 gigawatts (GW) across more than 40 countries. This progress positions the company closer to its goal of 100GW by 2030. Key acquisitions this year, including Terna Energy in Greece, Saeta Yield in Spain, and a 50% stake in Terra-Gen in the U.S., enhance Masdar's global capacity and strengthen its strategic energy partnerships. Discover how these developments are shaping the future of renewable energy.

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Published Aug 20, 2025

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Abu Dhabi Future Energy Company, known as Masdar, has released its 2024 Annual Sustainability Report, showcasing an impressive 62% growth in its clean energy portfolio, which now totals 51 gigawatts (GW) across over 40 countries. This marks a significant step towards its ambitious goal of reaching 100GW by 2030. Key acquisitions in 2024 included Terna Energy in Greece, Saeta Yield in Spain, and a 50% stake in Terra-Gen in the United States, which collectively bolster Masdar's global capacity and align with strategic energy partnerships.

The company demonstrated strong financial health, successfully issuing a $1 billion green bond that was oversubscribed by 4.6 times, and raising a total of $8 billion in equity while securing $4.5 billion in non-recourse debt. Fitch Ratings upgraded Masdar to AA-, and Sustainable Fitch awarded an ESG Entity Rating of 2 (71/100), reflecting robust investor confidence in its long-term strategy and environmental, social, and governance (ESG) credentials.

Masdar made significant strides in innovation, particularly in its green hydrogen initiatives, signing six joint development agreements and continuing advancements in battery energy storage. Noteworthy is the deployment of AI-powered IdentiFlight technology at its Zarafshan wind project, aimed at reducing bird collisions.

The company has also prioritized social impact, reducing CO? emissions by 22 million tonnes in 2024 and enhancing workforce diversity, with women now representing 20% of management roles. Masdar's commitment to community engagement is evident through 54 corporate social responsibility projects across various countries.

In conclusion, Masdar's 2024 achievements underscore its leadership in the clean energy sector and its ongoing commitment to sustainable development, innovation, and inclusive growth, positioning the company as a key player in the global energy transition.