Masdar completes strategic acquisition of TERNA ENERGY to accelerate growth in Europe
Masdar strengthens its global energy portfolio with the acquisition of 70% of TERNA ENERGY, marking a key step in the strategic transfer of assets for Europe’s energy transition.
| Sectors | Wind Energy, Energy Storage, Solar Energy, Onshore, Photovoltaic, Pumped Storage |
|---|---|
| Themes | Investments & Transactions, Energy Asset Transfers |
| Companies | Masdar, GEK Terna |
| Countries | United Arab Emirates, Bulgaria, Greece, Poland |
Abu Dhabi’s renewable energy giant, Masdar, has officially acquired a 70% majority stake in TERNA ENERGY SA for €3.2 billion. This historic acquisition, the largest energy transaction ever recorded on the Athens Stock Exchange, strengthens Masdar’s footprint in Europe and its commitment to the global energy transition.
TERNA ENERGY, a leading Greek renewable energy company, boasts a diversified portfolio including wind, solar, hydro, and biomass projects. With a current operational capacity of 1.2 gigawatts (GW), the company aims to expand to 6 GW by 2029. This transaction aligns with Masdar’s strategy to integrate key assets as it works towards a global portfolio of 100 GW by 2030.
A strategic asset transfer for the region
Masdar’s acquisition of TERNA ENERGY underscores the growing importance of asset transfers in consolidating renewable energy capabilities worldwide. With this deal, Masdar plans to accelerate TERNA ENERGY’s projects, including the 680 MW pumped-storage hydropower project in Amfilochia, one of the largest of its kind in Europe.
Mohamed Jameel Al Ramahi, CEO of Masdar, stated: “This acquisition is not merely an investment in assets but in a shared vision to support Europe’s energy ambitions. We see TERNA ENERGY as a key player in achieving our goals.”
Impact on business strategy
The acquisition aligns with Masdar’s broader strategy to establish itself as a major player in Eastern Europe. By partnering with TERNA ENERGY, Masdar leverages a proven operator, strengthening its position in a region crucial for renewable energy development.
Georgios Peristeris, Chairman of TERNA ENERGY, praised the deal as a recognition of Greece’s expertise in green energy: “This partnership reflects the value we have built over the years. Together, we aim to accelerate sustainable energy transition in Greece and beyond.”
Partnership and outlook
Beyond the transfer of physical assets, this acquisition highlights the importance of operational teams in driving successful energy strategies. Masdar emphasized its intention to maintain and enhance TERNA ENERGY’s leadership teams to ensure a seamless transition and maximize synergies.
Through this partnership, Masdar and TERNA ENERGY commit to leveraging their combined expertise to achieve ambitious growth and sustainability targets in Europe. The collaboration also underscores the growing role of strategic asset transfers in reshaping the global energy landscape.
