Masdar buys out Greece’s Terna Energy in €3.2 billion deal

Masdar, a renewables developer from Abu Dhabi, has agreed to acquire a majority stake in the Greek energy company Gek Terna, marking a significant move in the clean energy sector. Masdar plans to acquire 67% of Terna Energy's shares at €20 per share, representing a substantial equity valuation of €2.4 billion and an enterprise value of €3.2 billion. Terna Energy is a key player in Greece's wind and solar energy sectors, with notable projects like the Kafireas wind project and the Amphilochia pumped hydroelectric energy storage project.

Source:

https://www.pv-magazine.com/2024/06/24/masdar-buys-out-greeces-terna-energy-in-e3-2-billion-deal/

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