Dutch grid group TenneT plans to invest $216 billion by end of 2034 – EQ
In Short : Grid operator TenneT is open to German state involvement to support its ambitious $216 billion spending plan aimed at modernizing and expanding energy infrastructure. The plan focuses on enhancing grid capacity, integrating renewable energy, and ensuring energy security. State participation could provide financial stability and accelerate the transition to a sustainable energy system, aligning with Germany’s climate goals and EU energy policies.
In Detail : AMSTERDAM – Dutch state-owned power grid company TenneT expects to invest about 200 billion euros ($216 billion) through 2034 in strengthening its Dutch and German grids, it said on Thursday.
TenneT said investments exceeded 10 billion euros in 2024 as it worked to reduce congestion and expand grids to accommodate the massive amounts of solar and wind power needed to shift away from fossil fuels.
The company and the Dutch state said they are still seeking alternative solutions for long-term financing of its German operations after a sale to the German government last year foundered on Berlin’s budget strains.
TenneT has completed separation of the businesses in the Netherlands and Germany, it said, adding that it would continue to raise debt and equity to maintain the pace and scale of investments and safeguard its financial health.
Last year the company and its owner agreed on two loan facilities totalling 44 billion euros to finance investments in the Netherlands and Germany through 2026.
