2024-07-24
http://w3.windfair.us/wind-energy/news/43147-tennet-germany-acitivity-state-energy-transition-expansion-grid-onshore-offshore-netherlands-equity-high-voltage

Germany to buy TenneT?

TenneT explores the potential sale of its German activities to the German State to deliver on their ambitious energy transition targets.

Official Press Release TenneT:

TenneT explores potential sale of its German activities to the German State to deliver on the ambitious energy transition targets

Wind Industry Profile of
TenneT explores potential sale of its German activities to the German State to deliver on the ambitious energy transition targets

TenneT is operating an interconnected grid at the highest level of security of supply, while driving the energy transition forward. Over the recent years, TenneT has developed into the largest investor and operator of offshore wind transmission grids worldwide. The fast acceleration of the grid expansion, onshore and offshore, requires unprecedented capital investments by TenneT.

TenneT's capital investments are funded primarily through debt, with TenneT being the largest EU Green Debt issuer, and by equity in order to maintain a strong credit rating. TenneT's equity need for this decade is rising, and TenneT has noted the Dutch government's preference for funding TenneT's Dutch activities (currently estimated at approx. EUR 10 bn) while seeking a structural... ... More: Official Press Release TenneT

Keywords:
TenneT, Germany, acitivity, State, energy transition, expansion, grid, onshore, offshore, Netherlands, equity, high voltage







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