- Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader, announced a definitive agreement to acquire a majority stake in Terna Energy SA. Initially, Masdar will acquire 67% of Terna Energy’s outstanding shares and will follow with a mandatory tender offer for the remaining shares, aiming for 100% ownership. This transaction values Terna Energy’s total equity at 2.4 billion euros and is set to become the largest energy transaction on the Athens Stock Exchange.
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This deal is poised to bring significant capital investment to Greece and other European countries, supporting Terna Energy’s role in Greece’s National Energy and Climate Plan (NECP) and the EU’s net-zero by 2050 target. The acquisition highlights Masdar’s ambitious growth plans, aiming to expand its clean energy portfolio to 100GW by 2030. H.E. Dr. Sultan Al Jaber, Chairman of Masdar, emphasized that this investment is a major milestone in Masdar's strategy and demonstrates the UAE's commitment to global renewable energy development.
Why it matters
Terna Energy, established in 1997, has a strong track record in renewable energy projects, specializing in wind, solar, hydroelectric, and pumped storage. The acquisition will accelerate Terna Energy’s expansion, supporting Greece’s renewable energy goals and extending Masdar’s global reach.
