Masdar takes majority stake in TERNA ENERGY

Masdar concluded the acquisition of Terna Energy, the pre‑eminent Greek renewable‑energy developer and operator. The deal, first disclosed in June 2024, culminated after a rigorous regulatory review by the European Commission and the Hellenic Energy Authority, confirming compliance with competition and foreign‑investment statutes. Terna Energy’s asset base comprises operating wind farms, utility‑scale solar installations, and hydroelectric facilities, complemented by a robust pipeline of development projects spanning the Aegean, the Balkans and the broader Mediterranean region. The transaction therefore represents a definitive consolidation of two entities with complementary geographic footprints and technological competencies. From Masdar’s perspective, the transaction aligns with a long‑term growth‑oriented capital allocation framework that seeks to deepen its presence in mature European markets while diversifying its generation mix. By integrating Terna Energy’s operational expertise and established grid‑connected assets, Masdar accelerates its strategic objective of achieving a balanced portfolio of on‑shore wind, solar PV and hydro power, thereby enhancing its ability to meet increasingly stringent ESG criteria and to capture value from European renewable‑capacity auctions. The acquisition also provides a platform for cross‑border knowledge transfer, leveraging Masdar’s experience in large‑scale project development and financing to augment Terna Energy’s pipeline execution capabilities. Operationally, the combined entity is expected to pursue a coordinated integration programme that standardises asset‑management processes, optimises supply‑chain contracts and consolidates procurement functions to realise cost synergies. The enlarged scale will enable more efficient capital deployment, improve financing terms through an enhanced balance‑sheet profile, and support the acceleration of new project launches across the region. In addition, the merged platform will facilitate the deployment of advanced digital monitoring tools and predictive maintenance analytics, thereby increasing availability rates and delivering incremental generation output to the European grid.