Masdar Completes Full Acquisition of Terna Energy, Eyes Global Expansion

Editorial Team

Last updated 14-04-2025

3 min

Masdar has fully acquired Terna Energy, confirming its complete ownership of the renewables firm.

This follows Masdar's initial 70 percent stake acquisition for €3.

2 billion in November.

Terna Energy, a leader in Southeastern and Central Europe's clean energy, operates 1,224MW facilities.

With Masdar's backing, Terna plans to expand its projects, including a 680MW pumped hydroelectric facility.

Masdar's acquisition aligns with its 2030 target of a 100GW global clean energy portfolio.

Masdar has wrapped up its acquisition of Terna Energy, thus reaching full 100 percent ownership of the renewables powerhouse. Having initially snagged a 70 percent stake last November from GEK Terna SA and several other shareholders in a pretty hefty deal valued at €3.2 billion (approximately USD 3.56 billion), the Abu Dhabi-based energy firm has now secured the remaining 30 percent in an all-cash transaction, paying €20 per share (around USD 22.24) through a mandatory tender offer and squeeze-out process.

For those who've not been keeping tabs, Terna Energy is a major player in the clean energy game throughout Southeastern and Central Europe, boasting Greece's largest and most diverse renewable assets. Over the past 25 years, they've expanded their green energy footprint through a wide array of wind, solar, biomass and hydro projects—imagine a massive jigsaw of turbines, solar panels, and even pumped hydro systems spread out over Greece, Bulgaria and Poland. At present, Terna operates renewable facilities with an installed capacity of 1,224MW, and they're currently building another 197MW of solar power in Greece and Bulgaria.

Perhaps the jewel in the crown for the company is the upcoming 680MW pumped hydroelectric project at Amfilochia—one of Europe's largest planned facilities. Pumped hydro, for anyone outside the sector wondering, is basically nature's very own battery: water is pumped to higher ground when there's surplus energy, and then released to flow downhill through turbines, creating electricity when demand spikes. Clever stuff.

According to Masdar's CEO Mohamed Jameel Al Ramahi, full ownership positions the Abu Dhabi firm perfectly to expand this successful renewables model even further. Al Ramahi noted that this acquisition lines up neatly with Masdar's ambitious vision to build up a global portfolio of 100GW in clean energy by 2030—an ambitious, but undeniably critical target in today's climate-conscious world.

Meanwhile, Georgios Peristeris will stay on as Terna's Executive Chairman along with other senior management figures. He said that joining up with Masdar's international platform significantly strengthened their shared objective of supporting Europe's energy transition. Masdar's move, he added, will enable continued progress in line with Greece’s domestic energy policies and the EU’s road to net-zero carbon emissions by 2050.

Dubai Crown Prince’s India Visit Strengthens Bilateral Ties, Eyes Key Partnerships

Masdar will soon set the ball rolling to delist Terna Energy from the Athens Stock Exchange following this takeover. And honestly, this feels like another clear message that Masdar means business as one of the biggest renewable energy investors globally, proving they're not afraid to put their money where their mouth is.

Given the complexity and challenges of climate-related targets across Europe, this full acquisition definitely signals a serious injection of confidence in the sustainable energy sector—not just in Greece, but across the continent. It's genuinely exciting to see what future projects lie ahead now Masdar fully holds the reigns.

🚀 Got exciting news to share?

If you're a startup founder, VC, or PR agency with big updates—funding rounds, product launches 📢, or company milestones 🎉 — AraGeek English wants to hear from you!