Masdar to acquire 67% stake in Greek renewables company Terna Energy

Admin
Jun 24, 2024
1 min read

Masdar, a UAE state-owned renewable energy developer, has acquired a 67% stake in Greece's Terna Energy. The acquisition valued at €2.4 billion aims to support Terna Energy's contribution to Greece's National Energy and Climate Plan (NECP) and the EU's net zero by 2050 target. Masdar plans to grow its portfolio in Europe to 100GW by 2030, with investments in various European countries. Additionally, Masdar is expanding its global reach by collaborating on solar PV projects in Azerbaijan and participating in industry events organized by Solar Media.

Source:

https://www.pv-tech.org/masdar-to-acquire-67-stake-in-greek-renewables-company-terna-energy/

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