29 Jul 2016

Grid operator invests less in first half of 2016

Grid

TenneT

Dutch-German transmission grid operator TenneT has posted a consolidated EBIT of 417 million euros (324 million in Germany) in the first six months of 2016 and invested 875 million euros in the grid infrastructure (642 million in Germany). The EBIT decreased by 76 million euros compared to the same period last year; investments were down by 321 million euros. TenneT said its grid availability was at 99.9 percent. In Germany TenneT is responsible for building two direct-current grid connections which, since legal changes came into force at the beginning of the year, will now have to be built underground, requiring new planning and more expensive technology, the company said. TenneT has also started preparations for building the sea cable connection NordLink between Germany and Norway.

Read the half-year report in English here.

For more information read the CLEW dossier The energy transition and Germany’s power grid.

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