Masdar Acquires 550+ MW Solar Project in Greece from Lightsource bp via TERNA ENERGY Platform
Masdar has signed an agreement to acquire and develop a 550+ MW solar PV project in Greece from Lightsource bp, expected to become operational by end of 2026. The acquisition, Masdar's first via TERNA ENERGY, will be enhanced with battery storage. Masdar also signed an MoU with Khazna Data Centers to advance green data centre development in Greece.
Transaction date: · Source: masdar.ae
Key facts
- Transaction date
- Technology
- Solar PV, Battery Storage (BESS)
- Capacity
- 550 MW
- Transaction price
- Not disclosed
- Buyer
- Masdar
- Seller
- Lightsource bp
- Country
- Greece
- Continent
- Europe
- Development status
- Under Construction
- PPA
- n.a.
Technology details
550+ MW solar PV project expected to become operational by end of 2026, producing enough electricity to power over 200,000 homes annually. Transaction includes two privately owned substations connecting the project to the electricity transmission system. Masdar plans to add battery storage to support grid stability, greater renewable integration and additional system flexibility.
Additional information
Transaction subject to regulatory approval and customary closing conditions, expected to complete by end of 2026. Masdar's first strategic investment made through TERNA ENERGY, which Masdar acquired 100% in April 2025 following an initial 70% stake in November 2024 (valuation €3.2 billion). TERNA ENERGY serves as Masdar's platform for Southeastern and Central Europe, targeting 6 GW of operational capacity by 2030 backed by a €5.5 billion investment plan. Masdar also signed an MoU with Khazna Data Centers to explore green data centre development in Greece.
Source
Original announcement: https://masdar.ae/en/news/newsroom/masdar-backs-greeces-digital-future-with-major-solar-acquisition