An amount of EUR 500 million, intended for investments in a power grid in the Netherlands, is likely to be raised through the sale of part of the Dutch power grid operator TenneT, Reuters informs. According to TenneT’s CEO, the funds are needed in 2014 and 2015 for the upgrade of the grid in the [...]
March 14, 2013 | Posted in
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Electricity transporter and high-voltage grid operator TenneT has again made huge efforts in 2012 to strengthen and expand its grids in the Netherlands and Germany. Revenues and profit increased in accordance with this growth. In 2012 TenneT invested EUR 1.6 billion. By doing this TenneT is facilitating the further sustainability of energy supplies and the [...]
March 13, 2013 | Posted in
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TenneT Offshore GmbH is seeking a contractor to provide underwater ordnance disposal services for an offshore wind farm. The work is expected to be completed by July 01, 2014. The work covers evacuation of munitions along the proposed submarine cable route to connect the Nordergründe offshore wind farm. The 28 km long route runs along [...]
February 22, 2013 | Posted in
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TenneT and Mitsubishi Corporation officially closed their partnership with respect to two German offshore high-voltage cable projects, BorWin1 and BorWin2. Mitsubishi’s voting interest will be 49% with aggregate maximum equity commitment of EUR 240 million. At the same time both partners signed a contract for an investment in two more offshore projects named HelWin2 and [...]
January 16, 2013 | Posted in
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The Norwegian power grid operator Statnett, KfW IPEX-Bank on behalf of KfW and TenneT TSO GmbH, transmission system operator for the German North Sea region, have concluded a cooperation agreement to develop and construct a subsea cable between Germany and Norway. The high voltage direct current interconnector will enable energy to flow between Germany and [...]
December 4, 2012 | Posted in
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TenneT Offshore GmbH has announced tender invitation for supply of subsea cables. The project includes manufacturing, supply and installation of AC submarine cables, including fibre optics, in the region of the cluster SylWin designed for a transmission capacity of up to 300 MW per wind farm and a power level of about 155 kV. It [...]
November 16, 2012 | Posted in
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Marine solutions company, Offshore Marine Management (OMM) has recently been awarded a three (3) year survey frame agreement from TenneT Offshore GmbH. The Survey & Subsea department of OMM will fully support the agreement, which commences with immediate effect, from their Cambridge Operations offices in the UK . OMM are one of several selected survey [...]
November 1, 2012 | Posted in
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Today the construction of the 690MW platform for TenneT’s offshore grid connection project HelWin2 officially started. The steel cutting ceremony took place at the yard of Heerema Fabrication Group in Zwijndrecht (the Netherlands), where the topsides of the platform will be built. The jacket and bridge will be constructed at the Vlissingen yard of HFG [...]
October 19, 2012 | Posted in
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TenneT’s CEO Mel Kroon told Reuters that the company will finalize the sale of minority stakes in the SylWyn1 and DolWyn1 cables by the end of this year as it needs to raise funds to build new power links in Germany. This sale will total in 6 out of 10 TenneT’s German offshore projects valued [...]
In the first six months of 2012 TenneT realised a steady growth (underlying) of revenue and profit in both the Netherlands and Germany. Underlying revenue amounted to EUR 842 million (EUR 816 million reported revenue), with underlying growth both in the Netherlands (23%) and in Germany (28%). Underlying operating profit for this period was EUR [...]
