The German government is negotiating with the Dutch electricity grid operator TenneT Holding BV to acquire a 25% stake in Tennet Germany through the state-owned KfW bank. This is reported by foreign media.
The formal conclusion of an agreement aimed at gaining some control over the most important infrastructure of the electricity grid in Germany may take place in January or early February, subject to the necessary approval from regulatory authorities and parliament.
At the same time, the German Ministry of Economy has already provided funds to refinance costs, hedge risks and potential equity contributions in the amount of 7.6 billion euros (8.8 billion) for the acquisition and maintenance of a controlling stake in the German electricity grid company Tennet, starting from 102.4 million euros in 2026, amid rising demand for electricity and the expansion of the use of renewable energy sources.
Funds within the tranches for a ten-year period remain frozen, require the approval of the budget committee of the lower house of parliament before any payment and can be accepted in case of changes in financial requirements.
The Dutch government is seeking to sell a stake in Tennet Germany amid growing investment needs in Germany's electricity grid.
At the end of September, a consortium consisting of the Dutch pension fund APG, the Singapore sovereign wealth fund GIC and Norges Bank Investment Management signed an agreement to acquire 46% of Tennet Germany for 9.5 billion euros. The transaction is expected to be completed in the first half of 2026.
TenneT Holding B.V. is a Dutch electricity transmission system operator in the Netherlands and in a significant part of Germany. The company is owned by the Dutch government. The headquarters is located in Arnhem (the Netherlands).
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