Masdar, a global leader in renewable energy, has finalized its acquisition of a 70% stake in TERNA ENERGY SA, a prominent Greek clean energy company. This transaction, priced at €20 per share, positions TERNA ENERGY at an enterprise value of €3.2 billion, marking the most significant energy-related deal in the history of the Athens Stock Exchange and one of the largest transactions in the European renewable energy sector. The deal received all requisite regulatory approvals, solidifying Masdar’s foothold in the European energy market.
This strategic acquisition reflects Masdar’s ambition to expand its portfolio across Europe, particularly in Greece and Eastern Europe. With TERNA ENERGY recognized for its expansive renewable energy infrastructure, including wind and solar farms, the partnership is set to enhance the region’s transition to sustainable energy sources. TERNA ENERGY operates a portfolio of over 1.8 gigawatts of installed capacity and has an extensive pipeline of projects under development.
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This article first appeared on Greenlogue and is brought to you by Hyphen Digital Network
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