{"id":110300,"date":"2025-12-22T00:00:00","date_gmt":"2025-12-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/?p=110300"},"modified":"2025-12-22T09:34:07","modified_gmt":"2025-12-22T09:34:07","slug":"adnoc-adds-usd-2-bn-south-korea-backed-green-loan-to-its-funding-arsenal","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/12\/22\/adnoc-adds-usd-2-bn-south-korea-backed-green-loan-to-its-funding-arsenal\/","title":{"rendered":"Adnoc adds USD 2 bn South Korea-backed green loan to its funding arsenal"},"content":{"rendered":"

Adnoc <\/strong>lined<\/strong> up a USD 2 bn green loan backed by Korea Trade Ins. <\/strong>Corporation <\/strong>(K-Sure)<\/strong>, marking its first-ever facility underwritten by the South Korean Export Credit Agency (ECA), the state-owned energy giant said in a press release<\/a>. The facility brings its total green-labeled funding within the span of 18 months to USD 5 bn, after receiving a USD 3 bn facility<\/a> from Japan Bank for International Cooperation last year.<\/p>\n

The funding marks Adnoc\u2019s second large financing transaction in less than a week. <\/strong>The energy giant also closed a landmark facility<\/a> of up to USD 11 bn last week for its Hail and Ghasha offshore development, breaking new ground by pulling capital forward on gas it hasn't produced yet.<\/p>\n

The fresh capital will be used to \u201cfund lower carbon projects across its operations,\u201d<\/strong> the company said, without specifying which projects the bulk of the capital will land in. Adnoc claims to be among the least carbon-intensive oil and gas producers and plans to cut operational emissions intensity by another 25% by 2030. It\u2019s also investing USD 23 bn to decarbonize its operations and scale new energy areas like hydrogen, geothermal, and renewables.<\/p>\n

Advisors- <\/strong>First Abu Dhabi Bank served as green loan coordinator, with Santander acting as the ECA coordinator. <\/p>\n

\n

Background <\/p>\n

Korea ? UAE energy players<\/strong>?<\/strong> This year, a consortium led by state-owned renewables giant Masdar \u2014 including Korea Electric Power Corporation and China\u2019s GD Power \u2014 lined up USD 225 mn in financing<\/a> from Korea Eximbank to develop the 2 GW Al Sadawi solar project in Saudi Arabia. Last year, Korea Eximbank was also said to provide a USD 150 mn loan for the 1.5 GW Al Ajban solar power plant<\/a> in Abu Dhabi. <\/p>\n

UAE-South Korea ties have been on the up in recent months<\/strong>, with officials saying in November that a comprehensive economic partnership agreement is in its final stages and expected to take effect by year-end<\/a>, following a string of MoUs spanning energy, finance, investment, AI, and nuclear cooperation.<\/p>\n

(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"

This brings Adnoc\u2019s total green-labeled funding to USD 5 bn in 18 months<\/p>\n","protected":false},"author":1,"featured_media":110301,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2414],"tags":[57,1391,7,2413],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-big-story-today","tag-adnoc","tag-debt","tag-enterpriseam-uae","tag-the-big-story-today","wpautop","entry"],"acf":{"mongo_id":"26c3a046-c6c4-4f67-9dd9-ce43de9bb1fb","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/4\/743.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Adnoc secures USD 2 bn green financing from S. 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