Signing witnessed by His Highness the President of the UAE, and the Prime Minister of Italy.
The UAE President, His Highness, Sheikh Mohamed bin Zayed Al Nahyan, and Italian Prime Minister Giorgia Meloni, have witnessed the signing of an agreement between leading banking group Intesa Sanpaolo and the UAE’s flagship energy company Masdar, one of the fastest-growing renewable energy companies in the world. The agreement focuses on financial advisory services, particularly relating to mergers and acquisitions, and reflects the two organizations’ longstanding relationship and Intesa Sanpaolo’s strong track record in supporting Masdar on landmark financial transactions in Europe. The agreement was signed by Mohamed Jameel Al Ramahi, Chief Executive Office of Masdar, and Mauro Micillo, Chief of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, in Rome on 24 February 2025.
About Masdar:
Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy leader, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of 51 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.
Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
About Intesa Sanpaolo:
Intesa Sanpaolo, with €422 billion in loans and €1.4 trillion in customer financial assets at the end of December 2024, is the largest banking group in Italy, with a significant international presence. It is a European leader in wealth management, with a strong focus on digital and fintech. The Group will provide €115 billion of Impact lending by 2025 to support communities and the green transition, together with a €1.5 billion program (2023-2027) to help people in need. The Bank’s network of museums, the Gallerie d’Italia, hosts its owned artistic heritage and cultural projects of recognized value.
