Masdar Acquires Major Stake in Terna Energy for $3.3 Billion
Published · 2 min read
The energy company from Abu Dhabi, called Masdar, has just bought 70% of another company named Terna Energy. They paid 3.3 billion dollars for it. This big buy is one of the largest deals in Europe’s energy market. Terna Energy is based in Greece and works with renewable energy, like wind and solar power.
What This Deal Means
Masdar’s big purchase is a major step. It shows that Masdar wants to grow more in Europe. Terna Energy is now a big part of Masdar’s plan to be a leader in clean energy across Europe.
Key Details of the Deal
| Detail | Description |
| Transaction Value | €3.2 billion ($3.3 billion) |
| Percentage Acquired | 70% of Terna Energy |
| Price Per Share | €20 ($21.1) |
Masdar bought the shares from a company called GEK Terna and some other owners. The price for each share was 20 euros. This deal was first talked about in June 2024 and has now been completed.
What’s Next for Terna Energy?
Terna Energy, which already makes a lot of clean energy, has big plans. They want to grow from making 1.2 gigawatts (GW) of energy to 6GW by the year 2029. That’s a lot of energy! It can power millions of homes with clean, green energy from sources like the sun and wind.
Words from the Leaders
Mohamed Jameel Al Ramahi, the boss of Masdar, said they are excited to work with Terna Energy. He mentioned, “Our committed vision and long-term capital will help grow Terna Energy as they work on their goals to make more renewable energy in Greece.”
Georgios Peristeris, the chairman of Terna Energy, also shared his thoughts. He said this partnership shows Terna Energy’s strong role in changing energy use to be cleaner in Greece and nearby countries.
Looking Ahead
The next step for Masdar is to get approval from regulators to buy the rest of Terna Energy’s shares. This move is important for making sure they can fully integrate Terna Energy into their plans.
This big deal is a sign of how important clean energy is becoming all over the world. Companies like Masdar and Terna Energy are working hard to make energy that is good for our planet. For more details, you can check Masdar’s official website.
