Masdar completes acquisition of Greece's firm Terna Energy

Abu Dhabi Future Energy Company (Masdar), the UAE's clean energy leader, announced on Friday its subsidiary Terna Energy has completed its delisting from the Athens Stock Exchange, following Masdar's acquisition of 100 per cent of the company’s stock last month.

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A delegation led by Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Chairman of Masdar, together with Chief Executive Officer Mohamed Jameel Al Ramahi, toured Terna Energy's Athens headquarters and met employees from across the organisation.

They held strategic discussions with Terna Energy Executive Chairman Georgios Peristeris, the first since the acquisition, centred on Masdar’s strategy to expand the business and accelerate renewable energy growth in Southeastern and Central Europe.

Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, and Chairman of Masdar, said, “Bringing Terna Energy into the Masdar family strengthens our position in Greece and the wider region, enabling us to expediate the growth of renewable energy solutions and unlock the investment needed to empower nations to achieve their clean energy targets. This acquisition also demonstrates the commitment of both the UAE and Masdar to bringing affordable, secure and sustainable energy to all.”

Dr Sultan Al Jaber led-delegation toured TERNA ENERGY’s Athens headquarters.