• Strategic Acquisition: Masdar’s 100% acquisition and delisting of TERNA ENERGY marks a major expansion into Southeastern and Central Europe.
• Accelerated Growth Plan: TERNA ENERGY will scale to 6GW of operational capacity by 2030, backed by Masdar’s capital and global expertise.
• Clean Energy Momentum: Projects underway in Greece and Bulgaria reinforce Masdar’s goal to reach 100GW of global clean energy capacity by 2030.

Masdar, the UAE’s clean energy leader, has officially completed its acquisition of Greece’s largest renewables company, TERNA ENERGY, and finalized its delisting from the Athens Stock Exchange. This move underscores Masdar’s intent to fast-track clean energy deployment across Southeastern and Central Europe.

“Bringing TERNA ENERGY into the Masdar family strengthens our position in Greece and the wider region, enabling us to expedite the growth of renewable energy solutions and unlock the investment needed to empower nations to achieve their clean energy targets,” said Dr. Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and Masdar Chairman.

A leadership delegation led by Dr. Al Jaber and Masdar CEO Mohamed Jameel Al Ramahi visited TERNA ENERGY’s Athens headquarters following the acquisition. Strategic discussions with TERNA ENERGY Executive Chairman Georgios Peristeris focused on aligning growth strategies and leveraging synergies to enhance regional energy transformation.

Masdar will now use TERNA ENERGY as a flagship platform in Europe, aiming to expand its regional footprint and support multiple climate objectives, including:

• Greece’s National Energy and Climate Plan
• The EU’s net zero 2050 target
• Masdar’s global ambition of reaching 100GW of clean energy capacity by 2030

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“With TERNA ENERGY now delisted from the Athens Stock Exchange, we can maximize and leverage the combined expertise and experience of both workforces to accelerate the implementation of clean energy projects in Greece and across the region,” said Al Ramahi. “By establishing TERNA ENERGY as our flagship platform for the region, we will both support our own renewable energy objectives and drive energy transformation in Europe.”

The company is currently progressing on major projects including the Amphilochia plant, one of Europe’s largest pumped storage hydropower developments and Masdar’s first of its kind in the region. In addition, final investment decisions have been made on 250MW of new solar, wind, and battery projects, scheduled to be operational within two years.

TERNA ENERGY is targeting 6GW of operational renewable energy capacity by 2030, supported by Masdar’s long-term capital and international reach.

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