Masdar has agreed to acquire and develop a solar project exceeding 550 MW in Greece from Lightsource bp, the company announced on 24 October 2026.
The transaction remains subject to regulatory approval and other closing conditions. Masdar expects completion by the end of 2026, the same year it says the solar project is due to enter operation.
Storage and data-centre plans
Masdar plans to add batteries to the project. The acquisition also includes two privately owned substations connecting it to the transmission network.
In a separate agreement, Masdar and Khazna Data Centers signed a memorandum to explore clean-power and storage solutions for Greek digital infrastructure. That memorandum describes prospective cooperation rather than a confirmed data-centre construction award.
The solar investment will sit within Masdar’s expansion through TERNA ENERGY. For suppliers and project professionals, the distinction between the announced acquisition, planned storage and exploratory partnership is important when assessing potential work.
Source: Masdar’s announcement, 24 October 2026.
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Energy People news brief. Compiled with AI assistance from the linked primary sources.
File photograph: close-up of photovoltaic panels, photographed 22 April 2015; precise location not identified by the photographer. Illustrative solar-technology file photograph, not Masdar’s acquisition in Greece. Photo: Noggen13, Wikimedia Commons, CC BY-SA 4.0. Resized and compressed. Image remains available under the same licence.
