Masdar, the UAE’s flagship clean energy company, has completed its acquisition of 100% of TERNA ENERGY, cementing its position as a major player in Europe’s renewable energy sector. The deal, valued at €3.2 billion, marks the largest energy transaction in Greek history and a milestone for EU clean energy investments.
The acquisition was finalized after Masdar acquired the remaining 30% stake via a mandatory tender offer and squeeze-out process at €20 per share. TERNA ENERGY will now be delisted from the Athens Stock Exchange, becoming a fully integrated Masdar subsidiary.
“With full ownership of all shares, we can fully integrate TERNA ENERGY into our global operations and accelerate the implementation of our shared vision for renewable energy development in Greece and across wider Europe,” said Mohamed Jameel Al Ramahi, CEO of Masdar.
TERNA ENERGY brings a robust portfolio of wind, solar, hydro, and biomass projects across Greece, Bulgaria, and Poland, including the 680 MW Amfilochia pumped hydro project—set to become one of Europe’s largest. The move supports both the EU’s 2050 net zero targets and Masdar’s global goal of reaching 100 GW of renewable energy capacity by 2030.
The transaction reflects a strategic alignment between Masdar’s global ambitions and TERNA ENERGY’s regional leadership, signaling accelerated growth in Europe’s clean energy transition.
