TenneT Holding has secured an investment of up to EUR 9.5 billion from three major institutional investors to support TenneT Germany's high-voltage grid expansion.

Information on the Target

TenneT Holding has announced a significant agreement with three major institutional investors in Europe regarding an investment in TenneT Germany. The involved parties include APG, acting on behalf of the Dutch pension fund ABP, the Singapore sovereign wealth fund GIC, and Norges Bank Investment Management (NBIM). This transaction is crucial for fulfilling TenneT Germany's equity requirements for the ongoing expansion of its high-voltage grid.

Manon van Beek, CEO of TenneT Holding, expressed satisfaction with the deal, highlighting it as a structural solution for the equity needs of TenneT Germany. She emphasized the importance of this partnership with reputable investors, which will support TenneT's continued leadership as a cross-border Transmission System Operator (TSO) in Europe. The financing will enhance TenneT's engagement in system integration, offshore wind connections, and market innovation and will play a pivotal role in ensuring reliable and affordable electricity supply.

Industry Overview in Germany

Germany's energy sector is undergoing a significant transformation, driven by the nation's commitment to decarbonization and renewable energy support. As part of the Energiewende, or energy transition policy, Germany is moving away from fossil fuels to