Masdar Plans to Borrow Up to $1 Billion With Second Green Bond

Masdar, a major operator of solar power plants in the United Arab Emirates, is planning to raise as much as $1 billion through its second offering of green bonds, after borrowing $750 million earlier this year.

The company will likely issue more green bonds in the next six to nine months, potentially in the US, Chief Financial Officer Niall Hannigan said in an interview on Wednesday in New York. The prospective issuance is part of its plan to raise at least $3 billion to fund clean energy projects, he added.

“$750 million to $1 billion is probably where we’re ...