Long-term green bonds totaling $870.75 million have been issued to refinance the Al Dhafra solar power plant near Abu Dhabi, UAE.

The bonds were issued by a consortium of Abu Dhabi National Energy Company (TAQA), Emirates Water and Electricity Company (EWEC), Abu Dhabi Future Energy Company (Masdar), EDF Power Solutions and Jinko Power during Abu Dhabi Sustainability Week 2026.

The 2 GW Al Dhafra project, located around 35 kilometers from Abu Dhabi, is 40% owned by TAQA, while Masdar owns 20% and EDF and JinkoPower share the remaining 40%. EWEC is the plant’s sole offtaker. At the time of commissioning in 2023, it was the world’s largest single-site solar plant, using almost four million solar panels to generate electricity for around 200,000 homes across the UAE.

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