TenneT Germany Finalizes New Ownership Structure

TenneT Germany has completed its new long-term ownership structure through equity transactions with APG, GIC, NBIM, and KfW. APG, GIC, and NBIM have committed equity of up to €9.5 billion, while KfW has acquired a 25.1% stake for €3.3 billion, with up to €2.3 billion more in future injections.

TenneT Holding retains a 28.9% stake, ensuring the entity's operational independence. The company plans significant investments in Germany's electricity grid from 2026 to 2030, committing approximately €13 billion annually.

Supported by its new shareholder base, TenneT Germany aims to enter the debt capital markets in 2026. CEO Tim Meyerjürgens highlighted the importance of sustained grid investments in facilitating Europe's energy transition.

The planned financial structure underpins TenneT Germany's strategy for one of Europe's largest grid expansion initiatives.