Green Bond Fact Sheet

This fact sheet details a USD 2.69 billion loan issued by Noor Energy 1 on January 31, 2019, to fund a solar energy project in the UAE. The financing is certified under the Climate Bonds Standard v2.1 and supports the development of a large-scale Concentrated Solar Power (CSP) and solar PV facility.

• Noor Energy 1 issued a loan totaling USD 2.69 billion on January 31, 2019, with a maturity date of December 22, 2047 and a tenor of 18 years.
• The financing is certified under the Climate Bonds Standard v2.1, specifically for the solar sector, with verification provided by Sustainalytics via a post-issuance report.
• The proceeds fund a project that, upon completion in 2022, is intended to be the world's largest Concentrated Solar Power (CSP) facility. The project features a design capacity of 700MW of CSP combined with 250MW of solar PV, totaling 950MW.
• The facility is the fourth phase of the Mohamed bin Rashid Solar Park, located roughly 50km south of metropolitan Dubai. The park is expected to reach a final design capacity of 5GW by 2030 and the specific facility will utilize 70,000 heliostats across 44 square km.
• This issuance represents the first certification from an OPEC member and the Middle East region.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-01_AE_Noor_Energy.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-01_AE_Noor_Energy.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=16 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-01_AE_Noor_Energy.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2019-01_AE_Noor_Energy.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }