In a high-voltage deal sparking through Europe’s renewable energy landscape, Masdar, the United Arab Emirates’ state-owned clean energy titan, has completed its acquisition of TERNA ENERGY SA, cementing one of the largest green energy takeovers in European Union history.
The €3.2 billion ($3.5 billion) transaction closed Thursday after Masdar secured the remaining 30% stake in TERNA, adding to the 70% share it acquired in November 2023. This seismic move gives Masdar full ownership of Greece’s largest renewable energy firm — and potentially rewires the future of green power in the region.
The Power Play: A Strategic Full Takeover
Masdar, formally known as Abu Dhabi Future Energy Company PJSC, will now move to delist TERNA ENERGY from the Athens Stock Exchange, pending approval by the Hellenic Capital Market Commission. Once finalized, the move will mark a definitive shift in TERNA’s status — from national energy champion to a key pillar in Masdar’s expansive global green portfolio.
“This transaction promises a wave of capital into Greece and wider Europe,” Masdar said in a statement, tying the deal to its broader mission of supporting both Greece’s National Energy and Climate Plan and the EU’s Net Zero by 2050 goals.
