Masdar, the UAE’s clean energy leader, has acquired a 70% stake in Greece-based Terna Energy for €3.2 billion, marking the largest energy transaction in Athens Stock Exchange history. At €20 per share, this acquisition reflects Masdar’s strategic focus on advancing the energy transition.

Terna Energy, a renewable energy pioneer in Greece, operates 1.2 GW of capacity spanning wind, solar, biomass, and hydro technologies. It is also developing the 680-MW Amfilochia pumped hydro project, one of Europe’s largest. Masdar’s investment aims to help Terna Energy achieve its target of 6 GW by 2029 while bolstering Masdar’s European portfolio as it pursues 100 GW globally by 2030.

This collaboration strengthens Greece’s renewable energy leadership and accelerates southeastern Europe’s green transition. Terna Energy’s Executive Chairman, Georgios Peristeris, emphasized the shared vision for clean, locally produced energy, while Masdar CEO Mohamed Jameel Al Ramahi highlighted the opportunity to establish Terna Energy as a core regional platform.

Source: energyconnects.com