TenneT Holding announced it has secured equity funding for its German subsidiary through a future partnership with three major institutional investors: APG, Singapore sovereign wealth fund GIC, and Norges Bank Investment Management (NBIM). This agreement secures the equity requirements necessary for the expansion of TenneT’s high-voltage electricity grid in Germany.
Institutional investors at the core of the funding
APG is investing on behalf of Dutch pension fund ABP, while GIC and NBIM represent the interests of Singapore and Norway respectively. The financial backing accompanies a broader strategic reorganisation of TenneT, which now separates its Dutch and German operations under a new independent funding structure.
Ongoing support from the Dutch state
The financing is part of a broader strategy carried out with the support of the Dutch state, TenneT Holding’s sole shareholder. This operation aims to secure energy supply in Germany while preserving the financial robustness of the cross-border transmission system operator.
Strengthened role in cross-border infrastructure
With this new equity injection, TenneT confirms its position as one of Europe’s most active transmission system operators (TSO). The company remains involved in the development of electrical interconnections, system integration, and offshore wind farm connections.
