Green Bond Fact Sheet

Taweelah IWP issued a USD785m Sukuk to finance the construction of the world's largest reverse osmosis desalination plant (200 million imperial gallons per day) and a complementary photovoltaic power plant in Abu Dhabi, UAE. The project, scheduled for completion in 2020, supports the UAE's Energy Strategy 2050 goal of reducing power-generation carbon footprints by 70%.

• Taweelah IWP issued a Sukuk for USD785m on 01-09-2019 with a tenor of 32.4. The issuer consists of ACWA, Abu Dhabi Power Corporation, and Mubadala Development Company PJSC.
• The bond proceeds are designated to finance a water desalination project within the Taweelah complex in Abu Dhabi, UAE, which is expected to be completed by 2020. The project involves the design, construction, and maintenance of a reverse osmosis plant capable of producing 200 million imperial gallons per day, along with associated facilities and a complementary photovoltaic power plant.
• The investment is described as the largest reverse osmosis plant in the world and is intended to address water stress and support the UAE's Energy Strategy 2050, which aims for a 70% reduction in the national carbon footprint associated with power generation.
• This issuance represents the second largest green bond issuance in the UAE to date and the fourth issuer from the country to enter the green bond market.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-09_UAE_Taweelah_IWP.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-09_UAE_Taweelah_IWP.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=1 September 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-09_UAE_Taweelah_IWP.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 = sep, url = {https://www.climatebonds.net/files/drupal-files/files/2019-09_UAE_Taweelah_IWP.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }