Abu Dhabi Future Energy Company PJSC – Masdar, Leader in Pure Energy in the United Arab Emirates, announced today (2.5.2025) that her subsidiary, TERNA ENERGYsuccessfully completed its deletion from the Athens Stock Exchange (ATHEX), after acquiring 100% of the company’s shares from Μasar the previous month.
Delegation led by the same Ex. Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE and president of Masdar, present and Managing Director Mohamed Jameel Al Ramahi, visited the TERNA ENERGY headquarters in Athens and had the opportunity to meet executives and employees.
During the visit, strategic discussions were held with TERNA ENERGY Executive President George Peristeris, for the first time after the acquisition, focusing on Masdar’s strategy to expand business and accelerate the growth of renewable energy in Southeast Energy.
The acquisition of TERNA ENERGY reinforces the company’s contribution to achieving the goals of the National Plan for Energy and Climate (ESEK) and the EU target for zero emissions by 2050 while contributing to Masdar’s target for a worldwide 100GW power up by 2030. 2030, a goal supported by Masdar’s long know -how.
The deletion of the company from the Athens Stock Exchange follows a first -time productive first quarter of TERNA ENERGY, during which the implementation of key projects in Greece and Bulgaria, such as the Amphilochia pumping project – one of the largest in Europe and the first such project.
At the same time, the company made the final investment decisions for new photovoltaics, winds and energy storage projects with a total power of 250MW, which are expected to be launched over the next two years.
Masdar acquired 70% of TERNA ENERGY in November 2024 by GEK TERNA SA and other shareholders, in an agreement that saved the company at 3.2 billion euros – the largest energy transaction in the history of the Athens Stock Exchange and one of the most important in the renewable energy (RES) sector in the EU. Compulsory public proposal and the redemption process of 20% of the 20% debt.
This Excellency Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology of the UAE and president of Masdar, said: “The integration of TERNA ENERGY to the Masdar family reinforces our position in Greece and the wider region, allowing us to accelerate the development of renewable energy solutions and activate the investments needed to achieve their goals for clean energy. This acquisition also proves the commitment of both the United Arab Emirates and Masdar to offer affordable, safe and sustainable energy for all. “
Mohamed Jameel Al Ramahi, Managing Director of Masdar, said: “With the deletion of TERNA ENERGY from the Athens Stock Exchange, we can make the most of the experience and dynamics of the two organizations, accelerating the implementation of clean energy projects in Greece and in the wider region. Establishing TERNA ENERGY as our central platform in the area, we will support both our own goals for renewable energy and Europe’s energy transformation. “
George Peristeris, President and CEO of GEK TERNA and Executive President of TERNA ENERGY, said: “The deletion of TERNA ENERGY from the Stock Exchange, after its acquisition from Masdar, marks the complete integration of the two companies, creating a strong basis for accelerated growth, based on the common commitment to pure, accessible and domestic energy. As part of Masdar’s global network, TERNA ENERGY is now ideal to extend its leadership presence in the field of renewable energy in Greece and the wider region. “