Tuesday 25 January 2022

German government helps Dutch national grid

The German government is taking action to help Dutch national grid operator Tennet finance vital investments in the German grid network, the Financieele Dagblad reports on Monday.


The paper says the government has asked German state bank KfW about financing the billion euro investment in advance. Dutch state-owned Tennet, which bought a large chunk of the German grid in 2010, has to invest €8.5bn in improvements and linking offshore wind parks to the mainland.
While the project will eventually make money, Tennet does not have enough cash to finance the investments up front.
The Dutch government has refused to help finance the investment and is investigating a partial privatisation of Tennet, the paper says.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.