Masdar Leads a New Era of Development for Terna Energy

The Abu Dhabi Future Energy Company PJSC – Masdar, a leader in clean energy in the United Arab Emirates, announced on May 2, 2025, that its subsidiary successfully completed delisting from the Athens Stock Exchange (ATHEX) after acquiring 100% of the company’s shares last month. A delegation led by His Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE and Chairman of Masdar, along with Managing Director Mohamed Jameel Al Ramahi, visited Terna Energy’s headquarters in Athens and met with staff and executives. During the visit, strategic discussions were held with Terna Energy CEO Georgios Peristeris focusing on Masdar’s strategy to expand business operations and accelerate renewable energy development in Southeast and Central Europe. The acquisition strengthens Terna Energy’s contribution towards achieving Greece’s National Energy and Climate Plan goals and the EU’s target of net-zero emissions by 2050 while supporting Masdar’s global installed capacity goal of 100GW by 2030. Terna Energy aims to achieve an installed capacity portfolio of 6GW by 2030, supported by Masdar’s expertise. The delisting follows a productive first quarter for Terna Energy, marked by key project developments in Greece and Bulgaria, including the Amfilochia pumped-storage hydroelectric project—one of Europe’s largest. Additionally, final investment decisions were made for new solar, wind, and energy storage projects totaling 250MW expected to be operational within two years. Masdar acquired 70% of Terna Energy in November 2024 from GEK Terna and other shareholders in a deal valued at €3.2 billion—the largest energy transaction in the history of ATHEX and one of the most significant in Europe’s renewable energy sector. The mandatory public offer and purchase of the remaining 30% share capital concluded last month at €20 per share. Dr. Sultan Al Jaber emphasized Masdar’s commitment to accelerating clean energy solutions and investments in the region. Mohamed Jameel Al Ramahi noted the synergies between the two organizations will drive faster implementation of clean energy projects. Georgios Peristeris highlighted the integration as creating a strong foundation for accelerated growth aligned with shared commitments to clean, affordable, and domestically produced energy.