TERNA ENERGY continues its dynamic growth, targeting 6 gigawatts (GW) of renewable energy capacity by 2029

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About
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Terna Energy serves a clear vision of sustainable development, recognising that clean, reliable and competitive energy is a critical enabler of economic progress, social cohesion and energy security. In this context, the company actively contributes to shaping a sustainable energy future by expanding the use of renewable energy sources and investing in projects with long-term value.

With a presence across the full value chain of renewable energy projects, from development to energy generation, Terna Energy operates across a broad range of technologies and has a strong presence in Greece and abroad. Its objective is to continue strengthening a diversified and resilient portfolio that responds to the needs of the energy system and supports the sustainable development of the markets in which it operates.

The company’s strategic priorities are:

  • Strengthening its position in Greece and expanding its regional footprint in Eastern Europe, with the aim of developing a diversified portfolio of clean energy projects and infrastructure.
  • Increasing installed capacity, with a focus on projects that play a meaningful role in the energy system by enhancing stability, flexibility and security of supply.
  • Further developing a broad range of technologies, building on a strong base in wind energy while maintaining and expanding its presence in hydroelectric, solar and other renewable energy technologies.
  • Leveraging the Group’s capabilities across the renewable energy value chain, with an emphasis on energy storage, pumped-storage projects and related infrastructure that enhance the operation, flexibility and resilience of the energy system.

In June 2024, Masdar, the UAE’s dean energy leader, reached a definitive agreement with GEK TERNA SA and other shareholders of TERNA ENERGY SA to acquire initially 70% of the company’s outstanding shares.

On November 28th 2024, Masdar, the UAE’s clean energy leader, acquired 70% of the company’s outstanding shares to become majority shareholder.

On April 10th 2025 Masdar completed the 100% Acquisition of TERNA ENERGY, cementing major European Expansion. Providing significant capital investment in Greece and other EU countries, the acquisition demonstrates Masdar’s commitment to accelerating renewable energy growth in Southeastern and Central Europe, unlocking renewable energy capacity and supporting the EU’s net zero by 2050 goals. TERNA ENERGY to play an important role in enhancing Masdar’s portfolio across Europe as it targets 100GW global clean energy capacity by 2030.