Masdar Completes €3.2B Acquisition of Terna Energy in Greece

Masdar has successfully acquired 100% ownership of Greece's TERNA ENERGY, completing a €3.2 billion transaction that is one of the largest in the European renewables sector. This follows Masdar's initial purchase of a 70% stake in November 2023. TERNA ENERGY, a leading player in renewable energy in Southeastern and Central Europe, operates a diversified portfolio with an installed capacity of 1,224 MW and is developing significant projects like the 680MW Amfilochia pumped hydro project. The acquisition will lead to TERNA ENERGY's delisting from the Athens Stock Exchange and is expected to enhance Masdar's renewable energy capabilities in Europe, aligning with its goal of achieving a global clean energy capacity of 100 GW by 2030. Masdar's CEO emphasized the commitment to accelerate renewable energy development across the region. The existing management of TERNA ENERGY will remain in place to support growth as part of Masdar’s global operations.