TenneT Holding has launched and priced another Green Bond issue under its green bond program of € 1 billion, a dual tranche of each € 500 million with a maturity of 8 year and 12 year with the support of five banks: ABN AMRO, HSBC, NatWest Markets, Rabobank and SMBC Nikko.
The announcement relates to the issuance of Green Bonds for investments in the transmission of renewable electricity from offshore wind farms to the onshore electricity grid. 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 7GW of connection capacity for offshore wind farms in the German sector of the North Sea and by 2023, TenneT expects to have realised 3.5GW of connection capacity in the Dutch sector of the North Sea.
