TenneT Holding has launched and priced the first-ever green hybrid bond, in an amount of € 1 billion to finance high-voltage grid connections to offshore wind farms.
TenneT’s investments in offshore wind energy projects across the Netherlands and Germany are expected to total € 9 to 11 billion over the next 10 years. In the period up to 2019, TenneT is realising over 7,000MW of connection capacity for offshore wind farms in the German sector of the North Sea. By 2023, TenneT expects to have realised 3,500MW of connection capacity in the Dutch sector of the North Sea.
