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TenneT invested a record EUR 4 billion in the expansion and maintenance of its grids last year. TenneT is also intensifying the smart use of its grids.
Looking ahead, the steep increase in the production of renewable electricity and the electrification of our society means TenneT will increase its output towards a minimum annual investment level of EUR 6 billion by 2025. Because a secure and reliable high-voltage grid is one of the decisive factors in driving the energy transition, TenneT is developing and building a grid that’s ready for a fossil-free energy system by 2045: the Target Grid. TenneT’s large-scale investment programme requires broad, sustainable and timely access to financing with a good balance between equity and debt to maintain our solid credit ratings. To that end, the Dutch government has announced EUR 4.25 billion of equity capital for the activities in the Netherlands. For TenneT’s equity capital requirements in Germany the options are still being explored.
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