- Masdar acquires 70% of TERNA ENERGY for €3.2 billion, marking the most significant energy deal on the Athens Stock Exchange.
- The acquisition strengthens Masdar’s European presence and supports its 100 GW renewable capacity goal by 2030.
- The deal accelerates TERNA ENERGY’s key projects, including Greece’s 680 MW pumped-storage hydropower project.
Based in Abu Dhabi, Masdar acquired a 70% majority stake in Greek renewable energy firm TERNA ENERGY SA for €3.2 billion. This deal represents the most significant energy transaction in Athens Stock Exchange history. The acquisition strengthens Masdar’s presence in Europe and advances its commitment to the global energy transition.
TERNA ENERGY, a leader in Greece’s renewable energy sector, operates a diverse portfolio that includes wind, solar, hydro, and biomass projects. The company has a 1.2 gigawatts (GW) operational capacity and plans to expand to 6 GW by 2029. The acquisition aligns with Masdar’s strategy to grow its global portfolio to 100 GW by 2030.
Masdar CEO Mohamed Jameel Al Ramahi called the deal a critical step in supporting Europe’s energy ambitions. “This acquisition represents an investment in assets and vision,” he said. “We see TERNA ENERGY as a key player in achieving our goals.”
The acquisition also strengthens Masdar’s footprint in Eastern Europe. The region plays a crucial role in renewable energy development, and Masdar plans to accelerate TERNA ENERGY’s projects, including the 680 MW pumped-storage hydropower project in Amfilochia. This project will become one of Europe’s most prominent and support the region’s energy transition.
Georgios Peristeris, Chairman of TERNA ENERGY, expressed excitement about the deal, praising Greece’s growing leadership in green energy. “This partnership reflects the value we have built over the years,” Peristeris said. “We aim to accelerate sustainable energy transition in Greece and beyond.”
The deal goes beyond the transfer of physical assets. Masdar plans to retain TERNA ENERGY’s operational teams to ensure a smooth integration. The companies aim to maximise synergies and accelerate project timelines.
The transaction plays a vital role in Masdar’s long-term growth strategy. Partnering with an established operator like TERNA ENERGY gives Masdar valuable expertise and enhances its ability to drive energy transition projects across Europe.
Masdar’s commitment to Europe is clear. The acquisition of TERNA ENERGY positions Masdar as a dominant player in the region’s renewable energy sector. As global demand for sustainable energy solutions grows, the deal enables Masdar to reinforce its commitment to a clean energy future.
The renewable energy sector in Europe is rapidly growing, and this acquisition enables Masdar to capitalise on emerging opportunities. The two companies can lead the region’s transition to sustainable energy with TERNA ENERGY’s project pipeline and Masdar’s expertise.
Both companies share a vision for a cleaner, greener energy future. The acquisition of TERNA ENERGY marks a critical step in Masdar’s global expansion. By increasing its European footprint, Masdar positions itself to meet the continent’s growing energy needs.
Masdar’s strategy focuses on accelerating renewable energy development worldwide. With its new stake in TERNA ENERGY, the company strengthens its position in Europe, particularly in Greece, where green energy expertise continues to grow. The partnership promises to reshape Europe’s energy landscape and contribute to a more sustainable and resilient future.
Masdar’s acquisition of TERNA ENERGY for €3.2 billion strengthens its position in Europe’s renewable energy market. The deal will accelerate critical projects and boost both companies’ efforts to drive the global energy transition. Masdar builds a foundation through strategic partnerships and asset acquisitions to meet its goal of 100 GW of renewable energy capacity by 2030.