The European Investment Bank and TenneT have signed the latest contract for a € 150 million loan, part of a total € 450 million financing to TenneT Holding B.V. agreed in 2011.
The financing is provided by the EIB to support construction and operation of 'Randstad 380 kV'; a 83 km 380kV transmission connection in the western Netherlands. The Randstad 380 kV transmission loop will both ensure energy supply for most populated parts of the Netherlands and enable North Sea wind to supply customers across north-west Europe.