Masdar acquires TERNA ENERGY Greece’s top clean energy firm

Abu Dhabi Future Energy Company, Masdar has completed its full 100% acquisition of Greece’s TERNA ENERGY, Greek renewable energy company. Masdar leaders visited the Athens office and met with TERNA ENERGY’s team to discuss growth plans in Southeastern and Central Europe. The deal supports Greece’s energy plan, the EU’s 2050 net zero target, and Masdar’s global goal of 100 GW by 2030. TERNA ENERGY aims to reach 6 GW of capacity by 2030 with Masdar’s support. Key projects underway include the Amphilochia pumped storage plant and 250 MW of new solar, wind, and battery projects. Masdar bought 70 percent of TERNA ENERGY last November for €3.2 billion (~$3.624 billion) and completed the remaining buyout at €20 (~$22.65) per share last month.