The Netherlands – TenneT, a leading network operator in the Netherlands and Germany, has unveiled plans to ramp up investments in both onshore and offshore networks.
With a comprehensive ten-year investment plan spanning from 2024 to 2030, the company is set to allocate a staggering total of 160 billion euros, marking a significant increase from the previously projected 111 billion euros.
The primary objective of TenneT’s investment surge is to bolster the reliability, efficiency, and sustainability of the energy infrastructure in the Netherlands and Germany. By upgrading and expanding both onshore and offshore networks, TenneT aims to accommodate the growing demand for renewable energy sources while ensuring seamless connectivity and transmission across the grid.
Optimizing transmission and distribution
TenneT’s investment drive encompasses a wide spectrum of technological advancements and infrastructure enhancements. This includes modernizing existing transmission assets, developing new grid infrastructure for offshore wind farms, and implementing innovative solutions to optimize energy transmission and distribution.
By facilitating the integration of renewable energy sources, such as wind and solar power, into the grid, TenneT’s initiatives will contribute significantly to reducing carbon emissions, enhancing energy security, and fostering sustainable economic growth.
The Dutch state’s ongoing negotiations with Germany regarding the sale of TenneT’s German activities add a layer of complexity to the investment landscape. To mitigate uncertainties and secure funding for planned investments, the Dutch government has extended a credit facility of 25 billion euros for 2024, safeguarding TenneT’s investment initiatives in both countries for the coming years.
