TenneT Holding announces that it has reached agreement with three large institutional investors in Europe regarding their investment in TenneT Germany: APG (investing on behalf of Dutch pension fund ABP), Singapore sovereign wealth fund GIC and Norges Bank Investment Management (NBIM). With this transaction TenneT and its sole shareholder the Dutch state secure the equity requirement for the expansion of TenneT Germany's high-voltage grid for the years to come. 

Manon van Beek, CEO of TenneT Holding, said: 
"We are truly pleased to have achieved a structural solution for TenneT Germany's equity need and I eagerly look forward to partnering with these highly reputable investors. With this financing solution, TenneT remains Europe's leading cross-border TSO, a key player in system integration, offshore wind connections and market innovation. This announcement marks the end of an intense period during which we have separated our Dutch and German operations within the group, implemented a new funding structure for TenneT Netherlands and secured equity funding for TenneT Germany. I am proud of all my colleagues and our close collaboration with the Dutch Ministry of Finance throughout the process. We will continue our full focus on securing access to reliable, sustainable and affordable electricity supply."

KeyFacts Energy Industry Directory: TenneT