Baku, Azerbaijan, May 3. Masdar has completed
the delisting of TERNA ENERGY from the Athens Stock Exchange,
following the acquisition of 100 percent of the company’s shares
last month, Trend
reports.
The move finalizes TERNA ENERGY’s integration as a wholly owned
subsidiary of Masdar, the UAE-based renewable energy company.
A delegation led by Dr. Sultan Al Jaber, UAE Minister of
Industry and Advanced Technology and Chairman of Masdar, visited
TERNA ENERGY’s headquarters in Athens. The visit included meetings
with employees and strategic discussions with Georgios Peristeris,
Executive Chairman of TERNA ENERGY, focused on expanding clean
energy operations in Southeastern and Central Europe.
The acquisition is part of Masdar’s broader strategy to scale up
its global clean energy capacity to 100 GW by 2030. TERNA ENERGY
aims to contribute to this target with plans to reach 6 GW of
operational capacity by the same year.
TERNA ENERGY will serve as Masdar’s regional platform to support
clean energy development in Europe. The company is currently
continuing construction on several projects in Greece and Bulgaria,
including the Amphilochia pumped storage hydropower facility. It
has also reached final investment decisions on solar, wind, and
battery projects totaling 250 MW, expected to come online within
two years.
Masdar initially acquired 70 percent of TERNA ENERGY from GEK
TERNA SA and other shareholders in November 2024. The deal, valued
at €3.2 billion, was the largest energy transaction on the Athens
Stock Exchange and among the largest in the EU renewable sector.
The remaining 30 percent was acquired through a mandatory tender
offer and a squeeze-out process completed last month.