Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s leading clean energy firm, has officially completed the delisting of its newly acquired subsidiary TERNA ENERGY from the Athens Stock Exchange. The move follows Masdar’s 100% acquisition of TERNA ENERGY last month, finalizing a landmark €3.2 billion deal that marks the largest energy transaction in the Athens Stock Exchange’s history.
A high-level delegation led by His Excellency Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Chairman of Masdar, along with Masdar CEO Mohamed Jameel Al Ramahi, visited TERNA ENERGY’s headquarters in Athens. During the visit, they met with employees and held strategic talks with TERNA ENERGY Executive Chairman Georgios Peristeris — the first such meeting since the completion of the acquisition.
The discussions focused on Masdar’s strategy to expand renewable energy operations across Southeastern and Central Europe, leveraging TERNA ENERGY’s regional presence and operational strength.
“Bringing TERNA ENERGY into the Masdar family strengthens our position in Greece and the wider region,” said Dr. Al Jaber. “This acquisition underscores the UAE’s and Masdar’s commitment to delivering clean, affordable, and secure energy solutions globally.”
Masdar aims to scale up its clean energy portfolio to 100GW globally by 2030. TERNA ENERGY is targeting 6GW of operational capacity within the same timeline, backed by Masdar’s capital and technical expertise. The integration also aligns with Greece’s National Energy and Climate Plan and supports the European Union’s goal of achieving net-zero emissions by 2050.
Mohamed Jameel Al Ramahi, Masdar CEO, noted that the delisting of TERNA ENERGY enables full operational integration. “We can now fully leverage our combined capabilities to implement clean energy projects across the region, making TERNA ENERGY our flagship platform for Southeast and Central Europe,” he said.
Georgios Peristeris, Chairman and CEO of GEK TERNA and Executive Chairman of TERNA ENERGY, added: “With this acquisition, TERNA ENERGY is now better positioned than ever to lead Greece and the surrounding region into a cleaner energy future.”
The acquisition was first initiated in November 2024 when Masdar purchased 70% of TERNA ENERGY from GEK TERNA SA and other stakeholders. The remaining 30% was secured through a mandatory tender offer and subsequent squeeze-out at €20 per share, completed in April 2025.
The company has also made notable progress on the ground, continuing construction on major projects such as the Amphilochia pumped storage plant — one of the largest in Europe — as well as other projects in Greece and Bulgaria. In addition, TERNA ENERGY has reached final investment decisions on 250MW of new solar, wind, and battery projects, set to go operational within two years.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
