Masdar to acquire Terna Energy
- Admin
- Jun 20, 2024
- 1 min read
Masdar has reached an agreement to acquire 67% of Terna Energy's outstanding shares, with intentions to acquire 100%. The deal values Terna Energy at €2.4bn, making it the largest energy transaction on the Athens Stock Exchange. The acquisition will support Greece's National Energy and Climate Plan (NECP) and the EU's net zero by 2050 target. This strategic move aligns with Masdar's growth plans in Europe and Terna Energy's goal to achieve 6GW of operational renewable energy capacity by 2030. Masdar aims to hit a 100GW global capacity by 2030. The transaction also reinforces GEK Terna's aspiration to become the leading diversified infrastructure group in Greece and Southeast Europe.
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