Investing in green energy

23.05.2018

The expansion of the transmission infrastructure for the integration of renewable energies is a cardinal obligation for transmission system operators (TSO) in the 21st century. As far as TSCNET shareholder TenneT is concerned, the ongoing efforts of the Dutch-German TSO to promote sustainable energy sources are not limited to the physical implementation of infrastructure projects. TenneT is also active on the financial market as the largest corporate issuer of Green Debt in the Netherlands.

Now, the TSO has again successfully issued €1.25bn of long term Green Bonds on the Dutch market in two tranches of €500m and €750m respectively. This adds up to €6.25bn of green issuances since TenneT established its green financing framework in 2015. Over the next 10 years, TenneT’s investments in Dutch and German offshore and onshore grid connections are expected to total €28bn. With the inclusion of the Dutch offshore projects Borssele Alpha and Borssele Beta, eleven projects are currently part of the Green Project Portfolio and financed through TenneT’s Green Bonds.

> See TenneT press release (html)

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Contract and “First steel cut” for Borssele

05.09.2017

The grid connection of the Borssele offshore wind area in the Dutch part of the North Sea is the first large-scale connection project realised under the Dutch National Energy Agreement for offshore wind farms. In February, TSC member TenneT, the Dutch-German transmission system operator (TSO), had already awarded the contract for the construction of the Borssele Alpha offshore transformer station to HSM Offshore. Now, TenneT contracted HSM Offshore also for the construction of the Borssele Beta platform.

The two platforms together provide 700MW of connection capacity and thus form the key component of the Borssele grid connection. The signing of the Beta contract was accompanied by the “First steel cut” ceremony for the Alpha platform at the HSM shipyard in Schiedam in the Dutch province of South Holland. Both contracts cover the engineering, construction, transport, installation, connection and testing of the respective offshore transformer stations. The Alpha platform is expected to be put into operation in 2019, and Beta in 2020.

> See TenneT press release (html)

Picture: TenneT

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