TenneT increases grid investment to €4.6bn
30 July 2024
TenneT has announced an increase in its grid investment to €4.6bn in the first half (H1) of 2024 due to higher spending on its 2GW offshore wind programme.
The company increased its investment by €1.1bn from €3.5bn in the same period last year.
One of Europe’s largest transmission system operators (TSOs), TenneT said it advanced the speed of its projects to provide sufficient grid capacity for its customers and prepare the grid for a cleaner energy system.
The TSO said increased investment in its fixed assets allowed it to maintain a high degree of grid availability in H1 2024.
TenneT is planning significant onshore and offshore grid expansion across Germany and the Netherlands by 2045.
Manon van Beek, chief executive of TenneT, said to reNews: “In order to achieve the climate milestones in 2030, 2045 and 2050 and to be able to meet the needs of our customers, we are fully promoting the electrification of industry, businesses, households, hospitals and public transport by providing new infrastructure.
Related
-
NOA secures financing for 349 MW solar project in South Africa
12 June 2025
-
Ivory Coast launches tenders for 200 MW/66 MWh of solar-plus-storage
12 June 2025
-
Denmark starts 3 GW offshore wind tenders to boost renewable energy
11 June 2025
-
TotalEnergies to build 100 MW solar power plant with energy storage in Cyprus
11 June 2025
-
Sojitz, Kansai Electric sign 20-year PPA to power titanium plant in Japan
11 June 2025
-
DBS, UOB provide $411 million loan to DayOne-INA data centre project in Indonesia
11 June 2025