US EditionGermany acquires power grid stake from Dutch operator
30 Articles
30 Articles
Energy transition: Major investments are needed in the German and Dutch electricity grids. The Hague was reluctant to take costly risks in Germany.
Due to the energy transition, Germany will have to further expand its transmission network in the coming years. The Federal Government's entry into Tennet Germany will facilitate this. A more favourable expansion could also dampen the rise in network charges for consumers in the long term.
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Germany acquires power grid stake from Dutch operator
The German government said Tuesday that it had acquired a stake in the local subsidiary of Dutch power grid operator TenneT, a strategic investment by Berlin in critical energy infrastructure.
The state has a billion-dollar stake in the power grid operator Tennet. The federal government wants to take over 25.1 percent of the shares in the German division. The aim is to control critical energy infrastructure.
It is a strategic investment: The federal government takes over a stake in the transmission system operator Tennet Germany. The background is the expansion of the electricity grids.
The federal government joins the transmission system operator Tennet Germany. Head of the company Tim Meyerjürgens explains what he needs the state for – and what the first attempt to buy failed.
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