A group of energy companies from Abu Dhabi and around the world have raised $870.75 million from a green bond issuance to refinance the existing debt of the UAE's Al Dhafra solar power plant.

The Abu Dhabi National Energy Company, also known as Taqa, Emirates Water and Electricity Company, Masdar, EDF Power and Jinko Power issued the long-term green bond, the companies said in a joint statement on Friday.

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