Masdar Acquires TERNA ENERGY for Renewable Expansion
Masdar, the UAE’s leading clean energy company, has completed the acquisition of TERNA ENERGY, Greece’s largest renewable energy firm, through its subsidiary. This acquisition marks a significant milestone in Masdar’s expansion into the European clean energy market. The acquisition, which saw Masdar acquire 100% of TERNA ENERGY’s stock, strengthens the company’s position in the renewable energy industry and supports its global clean energy targets.
With this strategic move, Masdar now fully controls TERNA ENERGY, bringing it under its global renewable energy portfolio. The delisting of TERNA ENERGY from the Athens Stock Exchange (ATHEX) further solidifies the full integration of both entities, providing Masdar with an enhanced platform to deliver large-scale clean energy projects in Greece and across Southeastern and Central Europe.
Strategic Importance of TERNA ENERGY Acquisition for Masdar
The acquisition of TERNA ENERGY is part of Masdar’s broader strategy to expand its renewable energy capabilities and contribute to Europe’s energy transformation. The timing of this deal is significant, as Europe seeks to meet its ambitious sustainability goals and drive the transition towards renewable energy. Through this acquisition, Masdar is poised to help Greece meet its National Energy and Climate Plan (NECP), which is part of the EU’s broader commitment to achieving net-zero emissions by 2050.
Masdar’s new portfolio of assets will also support the company’s target of generating 100 gigawatts (GW) of clean energy capacity globally by 2030. The integration of TERNA ENERGY’s assets into Masdar’s operations positions the company to reach new milestones and deliver renewable energy projects at a faster pace. This includes supporting initiatives to increase the generation of solar, wind, and hydroelectric power.
Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Chairman of Masdar, emphasized that this acquisition allows Masdar to accelerate the deployment of renewable energy solutions. Through this partnership, both Masdar and TERNA ENERGY can further unlock investments and bring affordable and sustainable energy to the region, contributing to a cleaner future for all.
TERNA ENERGY’s Role in Europe’s Renewable Energy Landscape
Founded in Greece, TERNA ENERGY has a proven track record in renewable energy development, including substantial investments in wind, solar, and hydroelectric power projects. The company operates across several countries in Southeastern and Central Europe and has ambitious goals for the future.
Through this acquisition, Masdar gains direct access to TERNA ENERGY’s diversified renewable energy portfolio, which includes some of the region’s most innovative and large-scale projects. This includes the Amphilochia plant, one of Europe’s largest pumped storage hydropower projects, located in Greece. The plant plays a critical role in stabilizing power grids by storing excess energy generated during periods of low demand and releasing it during peak demand periods.
Additionally, Masdar’s involvement in TERNA ENERGY’s first pumped hydro project in the region represents a breakthrough in advancing energy storage technologies that are crucial for integrating intermittent renewable energy sources like wind and solar into the power grid.
Greener Future: Accelerating the Deployment of Renewable Energy Projects
Masdar’s commitment to sustainability and clean energy development is demonstrated in its accelerated efforts to implement clean energy projects in Greece and beyond. With TERNA ENERGY now part of Masdar, the company will focus on expanding its clean energy footprint in Europe, a market ripe for renewable energy investments.
Masdar has already achieved significant progress in accelerating the development of renewable energy solutions. TERNA ENERGY’s recently completed and ongoing projects include a diverse mix of renewable energy assets, including solar, wind, and hydropower plants. In the first quarter of 2025, TERNA ENERGY finalized investment decisions for new solar, wind, and battery storage projects totaling 250 MW in capacity, scheduled to be operational within the next two years.
The successful implementation of these projects aligns with Masdar’s overarching objective of promoting energy transformation and delivering tangible climate solutions. This will create thousands of job opportunities in the renewable energy sector while ensuring a cleaner, more sustainable energy future for Europe.
Masdar’s Commitment to the UAE’s Clean Energy Vision
Masdar’s acquisition of TERNA ENERGY also aligns with the UAE’s broader clean energy strategy, which aims to reduce carbon emissions and invest in sustainable technologies. The UAE is known for its forward-thinking approach to energy policy, with a strong commitment to achieving net-zero carbon emissions by 2050. As a leading global player in the clean energy sector, Masdar is a critical part of this vision.
Through its leadership in renewable energy development, Masdar plays an integral role in supporting the UAE’s diversification of energy sources. The country aims to achieve 50% of its energy generation from renewable sources by 2050. By acquiring TERNA ENERGY, Masdar is reinforcing the UAE’s position as a leader in global energy transitions and making significant contributions to international clean energy goals.
Moreover, this acquisition supports Masdar’s global growth strategy and its commitment to driving sustainability across international markets. Masdar has been at the forefront of implementing energy solutions that prioritize both environmental protection and economic development, ensuring a sustainable energy future for generations to come.
Masdar’s Strategic Leadership in Global Renewable Energy Projects
Masdar’s leadership in the clean energy sector is exemplified through its successful track record in delivering large-scale renewable energy projects worldwide. The company has been instrumental in providing innovative energy solutions that are both environmentally responsible and economically viable.
Masdar has become synonymous with cutting-edge renewable energy technologies, particularly in solar and wind power generation. The company has implemented some of the world’s largest renewable energy projects in countries such as the UAE, Egypt, and Morocco. These projects have generated thousands of megawatts of clean energy, significantly reducing greenhouse gas emissions and supporting local communities with access to reliable and sustainable energy.
With the acquisition of TERNA ENERGY, Masdar further solidifies its position as a key player in the global renewable energy market. The synergy between Masdar’s global expertise and TERNA ENERGY’s extensive European operations offers a powerful combination for scaling up renewable energy generation and fostering innovation in energy storage technologies.
Looking Forward: Masdar and TERNA ENERGY’s Future Together
The successful integration of TERNA ENERGY into Masdar is expected to yield long-term benefits for both companies and the broader renewable energy sector. The companies are committed to continuing their work in accelerating the deployment of clean energy solutions while addressing the energy challenges posed by climate change.
Dr. Sultan bin Ahmed Al Jaber stated that by integrating TERNA ENERGY into Masdar’s global platform, the company will be better positioned to drive further growth in Europe, leverage advanced renewable energy technologies, and develop new projects that will make a meaningful difference in achieving global climate targets.
The acquisition will also strengthen the UAE’s international presence in the renewable energy space, boosting the country’s standing as a global leader in clean energy initiatives. This aligns with the UAE’s broader diplomatic efforts to promote sustainability and environmental protection across the world.
A New Era of Energy Transformation
Masdar’s acquisition of TERNA ENERGY represents a new chapter in the company’s efforts to drive global energy transformation. By combining the strengths of both companies, Masdar is poised to accelerate the deployment of renewable energy solutions across Europe, contributing to the global transition towards a low-carbon future.
As the world continues to seek innovative solutions to address climate change and secure a sustainable energy future, Masdar and TERNA ENERGY stand at the forefront of this transformation. With the support of their joint expertise and resources, the companies are committed to delivering clean, affordable, and sustainable energy solutions to the regions they serve.
Through their shared vision for a greener future, Masdar and TERNA ENERGY will play a crucial role in powering Europe’s energy transition and contributing to global climate goals. Together, they are helping to create a more sustainable world for future generations.
