Masdar, the Abu Dhabi state-backed clean energy company, said on 24 October 2026 that it had agreed to acquire a solar photovoltaic project of more than 550MW in Greece from Lightsource bp. The price was not disclosed.
Why Masdar (Abu Dhabi Future Energy Company), through TERNA ENERGY is buying Lightsource bp's 550MW+ Greek solar PV project
Masdar said the plant, one of the largest in Greece, is due to be fully operational by the end of 2026 and will generate enough electricity for more than 200,000 homes a year. It plans to add battery storage and expects the asset to deliver stable, long-term returns as part of its European growth strategy.
“These agreements represent another important milestone in our European growth strategy.”
Deal terms and financing
The acquisition includes two privately owned substations that connect the project to the transmission system. It is Masdar's first strategic investment through TERNA ENERGY, the Greek renewables group it took fully private in 2025. Greek business daily OT reported that the portfolio is the Enipeas project in Thessaly, at about 560MW.
Regulatory approvals and timing
The transaction is subject to regulatory approval and customary closing conditions, with completion expected by the end of 2026.
Market context
The deal was announced during an official visit to Greece by Abu Dhabi's Crown Prince, alongside a memorandum of understanding between Masdar and Khazna Data Centers to develop green data centres in the country. Masdar is targeting 6GW of operating capacity in Greece and the wider region by 2030.
