TenneT is a state-owned transmission system operator that designs, builds, maintains, and operates over 25,000 kilometers of high-voltage grid in the Netherlands and parts of Germany to move electricity from generators to consumers. It also manages the balance between supply and demand and earns revenue through regulated tariffs. It connects generators, offshore wind farms, and cross-border HVDC links (such as NorNed and BritNed) and plans long-term grid expansion to carry more renewable energy. Its differentiators include the Dutch-German regulatory framework, cross-border cooperation, and large offshore/interconnector projects, aiming to enable the energy transition for over 43 million end users by investing in a secure, interconnected grid.
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Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$25B
Headquarters
Arnhem, Netherlands
Founded
1998
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Total Funding
$25B
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Funded Over
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TenneT Netherlands has successfully priced a EUR 1.5 billion 5-year Green Bond issuance under its funding structure supported by an irrevocable and unconditional institutional guarantee from the Dutch State.
Rotterdam temporary transformer could ease port grid limits. Photo Credit: Port of Rotterdam Posted Monday, September 28, 2026 2:00 pm TenneT and Stedin plan a 500-megawatt interim transformer at Europoort, but the operators have not said how much capacity waiting customers will receive. A temporary transformer planned for Rotterdam's Europoort area could give some businesses grid capacity years before permanent network expansions are finished. For companies waiting to electrify equipment or expand operations, it offers a possible earlier route to a connection. It does not yet say how much capacity any customer will receive. Dutch grid operators TenneT and Stedin plan to install the 500-megawatt transformer at the site of a new 380-kilovolt substation, according to TenneT's announcement. The earliest expected commissioning date is late 2028, provided permits are granted and the necessary cable connections are built. Permanent stations and connections are expected from 2032 onward. TenneT's port grid has been at capacity since 2022. According to Stedin, TenneT's high-voltage grid serving the port area reached its capacity limit in 2022. Stedin's own regional grid in Europoort and parts of Botlek has been full for additional consumption since October 31, 2025. Businesses seeking new or larger connections join waiting lists. Nationally, Dutch queues now run to tens of gigawatts. Rotterdam's shore power strategy names grid congestion as a complication for connections that let ships use electricity at berth. The port has more than 100 shore power installations totaling over 43 MW. An EU regulation requires major ports to supply shore power from January 2030. How much of the new capacity would serve future projects is unstated. The temporary unit would use a planned connection between Europoort's existing 150-kilovolt station and the new 380-kilovolt station. TenneT says it examined other measures and chose this one as faster and higher-impact, because the alternatives needed longer new connections. The 500 MW rating is not a customer allocation. The rating does not mean 500 MW is available at once to projects on the waiting list. Some capacity must support grid safety and supply to existing connections, though the operators expect most of it to reach waiting customers. The amount also depends on existing customers' forecast use and on progress with other grid expansions. No recipients have been named, and no allocation figure has been published. TenneT's updated calculations this year put the port region's projected 2030 transport shortfall at 64 MW, down from 244 MW forecast in October 2025, and the operator still wants company flexibility to cut peaks. The figure measures forecast peak overload, not the waiting list, so it does not offset the 500 MW. TenneT expects first insights into the effect on its high-voltage grid by the end of 2026. Stedin can then work out which customers qualify, and says it will contact waiting-list customers in early 2027. Until then, companies cannot treat the announcement as a confirmed connection date in an investment schedule. Full waiting-list relief waits for the 2032 Europoort station. The interim measure leaves work for the years before commissioning. The New Energy Taskforce, which includes TenneT, Stedin, the Port of Rotterdam Authority and Deltalinqs, is pursuing flexible demand and better use of the existing grid. Facilities teams in other tight markets already build that flexibility into project plans, and storage at congested industrial substations is another option. TenneT says the full waiting list can be served only once the Europoort 380-kilovolt station runs, which it expects in 2032. For port operators, the practical change is a potentially earlier connection window, subject to network studies, permits and construction. The decision point comes when the operators establish usable capacity and customer eligibility, with first results due by the end of 2026. Only then will it be clear which expansion and electrification projects can move before the permanent grid is ready.
Tennet NL builds out SSA curve with €2.5bn dual trancher. Addison Gong September 03, 2026 06:44 pm 'New SSA on the block' returns after six months | Two more green bonds added to euro curve | Pricing flat to fair value, 'consistent' spread to Dutch govvie achieved. The content you are trying to view is exclusive to its subscribers. To unlock this article: * | 4,000 annual insights * | 700+ notes and long-form analyses * | 4 capital markets databases * | Daily newsletters across markets and asset classes * | 2 weekly podcasts
The grid is the bottleneck: what Europe's connection queues mean for Baltic wind. For most of the past decade the hard part of a wind project was getting it permitted and financed. That has changed. Across Europe the binding constraint has moved downstream, to the wires, the substations and the queue you join once the turbines are ready. For the Baltic Sea region, which is bringing its first large offshore capacity online while simultaneously trying to knit together a cross-border grid, the sequencing question is now the whole game. The scale of the gap Aurora Energy Research put numbers on it in its meta-analysis of European power grids, and they are uncomfortable. Congestion management across Europe cost 8.9 billion euros in 2024, roughly 13 per cent of annual grid investment. Some 72 TWh of mostly renewable generation was curtailed because of bottlenecks, about what Austria consumes in a year. Aurora's modelling for Great Britain, Spain and Italy has curtailment doubling to 27 TWh by 2030. The queues tell the same story. More than 800 GW of solar and wind, plus 550 GW of battery projects, are waiting for grid access in the UK, France, Italy, Spain and the Netherlands alone, far beyond what those systems can absorb. Requests from large power users in those countries already exceed 2024 peak demand. Aurora's blunt assessment is that most European connection queue processes are no longer fit for purpose. Money is going in, but not enough of it. Grid investment rose 47 per cent over five years to around 70 billion euros a year, still 15 to 44 per cent short of what Net Zero requires annually. The shortfall gets worse the further out you look: by 2040, distribution operator commitments fall more than 66 per cent below required levels and transmission operators lag by 29 per cent. Reaching 2050 means laying 576,000 km of transmission lines, 7.8 million km of distribution lines and more than five million transformers. Europe has to rebuild its grid inside one working generation. Poland's counter-example: build the wires first Against that backdrop, Poland did something worth studying. Polskie Sieci Elektroenergetyczne confirmed the technical readiness of its offshore transmission infrastructure before the first Baltic farms needed it. The new Choczewo station, the expanded Żarnowiec station and the 400 kV line connecting them passed their voltage tests, with PSE vice president Włodzimierz Mucha confirming the chain was ready to move power from the Baltic to inland consumers. That did not happen quickly. PSE started work in Pomerania in 2019, building two power stations and more than 250 kilometres of extra-high-voltage line while modernising what already existed. The lesson is unglamorous and expensive: a transmission programme started six or seven years before first power is what keeps a national grid from becoming the thing that delays the farms. Countries starting that clock now are already behind their own offshore auction timetables. Hybrids: the Baltic's specific answer The more interesting structural response is the hybrid, or multi-purpose, interconnector, a single asset that both connects offshore wind and trades power between two markets. National Grid and TenneT Germany are developing GriffinLink between Great Britain and Germany, which they describe as the first project of its kind in Europe. TenneT Germany chief executive Tim Meyerjürgens framed it as connecting offshore farms so that a meshed European system can emerge rather than a set of isolated radial links. The Baltic has its own version. Lithuania, Latvia and Germany signed a joint declaration of intent in Paris on cross-border renewable capacity, with transmission operators Litgrid, Augstsprieguma tīkls and 50Hertz agreeing to assess the feasibility of the Baltic-German PowerLink. Lithuanian energy minister Žygimantas Vaičiūnas argued the hybrid link would expand Lithuanian and Latvian export capacity and make more renewable build-out viable. The three countries committed to fund cost-benefit analyses, financing models and technical studies, with Project of Common Interest status and EU funding as the next targets. The operators had already filed the concept, then called the Baltic Hub, into ENTSO-E's 2026 Ten-Year Network Development Plan, and the door is open for other Baltic Sea states to join. Decisions on PowerLink's next steps are due by the end of the third quarter of 2026, which makes this the near-term thing to watch. A hybrid interconnector solves two problems at once for the eastern Baltic: it gives Lithuanian and Latvian offshore ambitions a route to a deep market, and it gives the region a second interconnection axis that does not run through a single chokepoint. The cost nobody budgeted: making the grid legible There is a complication that grid planners did not have to think about a decade ago. Germany's BDEW, after an incident targeting cable infrastructure in Berlin, has argued that European transparency rules now work against security. Its head Kerstin Andreae pointed at the contradiction directly: NIS2 and the German KRITIS framework law impose strict physical and digital protection duties, while open data and freedom of information rules push operators to publish precise maps, locations and technical specifications. For wind that is not abstract. Cable landfalls, the points where offshore export cables meet the onshore grid, are published. So are transformer station coordinates and capacities. So are Baltic interconnector routes. BDEW wants detailed technical data restricted to verified entities with a legitimate interest and everything else published in aggregate. Whichever way that argument lands, it adds a cost line and a design constraint to every grid project in the region, and it applies to the interconnectors above as much as to anything already in the water. What to watch Three things, in order of nearness. First, the PowerLink decision at the end of the third quarter, which will show whether the Baltic hybrid concept converts into a funded project or stays a study. Second, whether connection queue reform arrives before the queues themselves become the binding constraint on Baltic auctions, since Aurora's judgement on queue management applies to markets that have not yet felt the crunch. Third, whether the security-versus-transparency argument produces a workable European rule rather than eight national ones, because a meshed offshore grid with eight different data regimes is a slower grid to build. None of this is as photogenic as a turbine going up. All of it now decides when the turbine earns anything. Copyrights BalticWind.EU.
TenneT names contractor for annual Dutch offshore cable integrity surveys. August 31, 2026, by Nadja Skopljak TenneT Netherlands has selected compatriot survey company Deep to perform annual offshore cable integrity surveys between 2026 and 2029. Deep announced today, August 31, that it would use hydrographic and geophysical techniques to determine the level of seabed cover above the cables, identify objects and seabed features that could pose a risk to their integrity. Selected findings will also be visually inspected where required to provide additional information for assessment. "We are proud to contribute to the safe and reliable operation of TenneT's offshore grid," said William Waggeveld, Commercial Director at Deep. "Regular monitoring is an essential part of managing subsea infrastructure, and this project allows us to put our survey expertise to work on assets that are critical to the Dutch renewable energy system." According to the Dutch firm, the gathered data will provide an accurate and up-to-date picture of the condition of offshore cable infrastructure, supporting TenneT's ongoing monitoring and maintenance activities, early identification of potential issues and continued compliance with applicable permit requirements. "As we continue to connect more offshore wind farms to the high-voltage grid and install more interconnection cables between countries, offshore transmission plays an increasingly important role in the energy infrastructure. Regular monitoring is essential," said Maarten Abbenhuis, COO of TenneT. "Periodic surveys allow TenneT to assess conditions along its cable routes, monitor changes over time and identify potential risks, all to prevent outages. The monitoring services of Deep will play an important role to maintain the high reliability standards of the offshore grid infrastructure." Power your brand with offshore energy. Take the spotlight and anchor your brand in the heart of the offshore world! Join Offshore Energy International for a bigger impact and amplify your presence at the core hub of the offshore energy community!
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Industries
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$25B
Headquarters
Arnhem, Netherlands
Founded
1998
Find jobs on Simplify and start your career today