Simmons with Masdar on €3.2bn Terna Energy deal

Simmons and Simmons advised Masdar, a renewable energy company based in Abu Dhabi, on a €3.2 billion (enterprise value) deal to acquire Greek renewables company Terna Energy.

The deal will result in Masdar acquiring initially 67% of Terna Energy’s outstanding shares, subject to regulatory approvals and conditions. The acquisition will xepand Masdar’s European portfolio unlocking renewable energy capacity and supporting the EU’s net zero by 2050 goals.

Simmons and Simmons’ team

Partner in the firm’s UK corporate practice Raghav Ghai and of counsel in the firm’s ENRI (Energy, Natural Resources and Infrastructure) practice Corinne Noel led the team.

Ghai and Corinne Noel

Founded in 2006 and based in Abu Dhabi, Masdar has developed projects in more than 40 countries across six continents and has invested, or committed to invest, in worldwide projects with a combined value of more than US$30 billion.

Terna Energy

Terna Energy specialises in financing, developing, constructing and operating renewable energy facilities, focused on wind, solar, hydroelectric and pumped storage projects.