# Masdar and Terna Energy renewable energy expansion > Live situation record from CLSTR: https://clstr.news/situations/masdar-and-terna-energy-renewable-energy-expansion > Updated: 2026-10-26T05:43:51.000Z. Sources: 4. Developments: 2. Terna Energy CEO Aristotelis Chantavas announced ambitions to become a leading renewable energy firm in Eastern Europe following a major investment by Masdar exceeding 3 billion euros. The partnership aims to combine Terna Energy’s regional expertise with Masdar’s technology to expand across Southeast and Eastern Europe, focusing on energy security and environmental sustainability. Building on this partnership, Masdar launched a €5.5 billion investment program targeting Central and Southeast Europe through Terna Energy, with a goal of establishing 6 GW of operational capacity by 2030. Key developments include the acquisition of the 560 MW ‘Enipeas’ solar project in Greece from Lightsource bp, which is expected to close by the end of 2026. Other strategic initiatives include the development of a large-scale pumped-storage unit in Amfilochia, the integration of battery storage, and a memorandum of understanding to develop data centers in Greece. ## Timeline ### 2026-10-26: Masdar initiates €5.5 billion investment plan in Central and Southeast Europe Masdar has launched a €5.5 billion investment plan for Central and Southeast Europe via TERNA Energy, starting with the 560 MW Enipeas solar project in Greece and expansion into data centers. 2 sources. https://clstr.news/cluster/masdar-initiates-55-billion-investment-plan-in-central-and-southeast-europe ### 2026-10-22: Terna Energy aims to become leading renewable energy firm in Eastern Europe Terna Energy CEO Aristotelis Chantavas aims to lead the Eastern European renewable energy market following a 3 billion euro investment from Masdar. 2 sources. https://clstr.news/cluster/terna-energy-aims-to-become-leading-renewable-energy-firm-in-eastern-europe --- Cite as: Masdar and Terna Energy renewable energy expansion. CLSTR, https://clstr.news/situations/masdar-and-terna-energy-renewable-energy-expansion