Our key tasks

We are primarily tasked with providing power transmission services, system services and facilitating the energy market. Our core tasks follow from our appointment as grid operator under the Dutch 'Elektriciteitswet' (E-wet) and the German 'Energiewirtschaftsgesetz' (EnWG).

 

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Innovation

TenneT presents Hub and Spoke concept for large scale wind energy on the North Sea.

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Our grid

TenneT manages the high-voltage grid in the Netherlands and large parts of Germany. TenneT transmits electricity at 110,000 volts (110 kV) and higher. With over 22,000 kilometres of high-voltage lines, we cross borders and connect countries.

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Maps of our onshore and offshore high-voltage grid.

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Electricity market

The energy sector is developing rapidly. The process of European market integration began some years ago. Its purpose is to create a single European market that enables market parties to trade gas and electricity across national borders easily and efficiently.

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Transparency data

We provide transparency data on our operations on our Dutch and German transparency page and on ENTSO-E. 

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News Corporate

EIB supports first interconnection between Germany and Norway

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The European Investment Bank (EIB) will provide a EUR 350 million loan to TenneT Holding B.V. to finance “NordLink”, the first interconnection between Germany and Norway across the North Sea. The bipolar High Voltage Direct Current (HVDC) link will have a capacity of 1,400 MW and a total route length of 624 km. It will improve diversification and security of supply and enhancing electricity market integration in both countries, and more widely between Northwest Europe and Scandinavian countries. It is also designated as a Project of Common Interest in the Priority Corridor Northern Seas Offshore Grid.

Ambroise Fayolle, EIB Vice President, responsible for Germany, commented: “Security of electricity supply and effective use of renewable energy will be improved significantly. Initially, NordLink will bring surplus hydro generation form Norway to Germany. In the medium term, it will help ease constraints and allow the evacuation of surplus renewable generation from Germany to Scandinavia. For us, the EU Bank, forward-looking investments in modern energy infrastructure are key to reach our ambitious climate goals.” And the Vice President added: “I am very glad that we are continuing our long and successful relationship with TenneT as the company is one of the leading electricity transmission system operators in Europe, and one of the few with cross border operations, which strengthens market efficiency.”

Otto Jager, CFO TenneT: "With over EUR 1.5 billion of total funds committed, the EIB has proven to be an important and reliable financing partner for our green onshore and offshore high voltage transmission projects. The support of the EIB for this project shows the importance of investments like NordLink, integrating European electricity markets. With this subsea interconnector we can exchange energy between two complementary energy systems. There’s the increasing amount of wind and solar power produced in Germany on the one hand and the production of energy from hydroelectric power in Norway on the other. NordLink is a connection of European pertinence that benefits all countries, especially North-west Europe."

The NordLink project will be realised by the Norwegian TSO Statnett and DC Nordseekabel GmbH & Co. KG, each with 50% ownership. DC Nordseekabel GmbH & Co. KG is equally owned by TenneT and the German promotional bank KfW. DC Nordseekabel is responsible for the construction of the German part of the project, including permits. With its capacity of 1,400 megawatts, NordLink can provide renewable energy for more than 3.6 million German households and will be able to transport for example wind energy generated by approximately 466 wind turbines of 3 megawatts. This is comparable to the capacity of a large conventional power plant.

About the European Investment Bank

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. 

Do you want to know more?

Jeroen Brouwers

Media Relations

+31 (0)26 373 26 00
communicatie@tennet.eu

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