Tim Meyerjürgens, the chief executive of Tennet Germany, underscored the advantages of the announced government entry into the company. “If Germany wants to remain competitive in the long term, it can only do so with a strong energy infrastructure” he told the “Handelsblatt” on Wednesday. He added that the federal government will finance the move and that a broad base of owners will strengthen Tennet Germany’s credit rating, providing the foundation for favorable long‑term financing in the capital markets. “With the state as an investor, we can expand the grids more cheaply” he explained.
He also said the move signals reliability to international investors: “When a state participates directly in a major infrastructure project, it shows that stable, predictable conditions can be expected”. Meyerjürgens emphasized that today’s energy policy is driven by hard security, industry, and location considerations.
The federal government had already attempted a stake purchase in 2024 under the coalition government. The deal fell through just before completion, reportedly due to price disagreements. Meyerjürgens noted that the purchase price was based on a fair market valuation that would have been the same in 2024, but political reasons ultimately blocked the transaction.
On Tuesday, the KfW, acting on behalf of the federal government, signed a contract to acquire a 25.1 % stake in Tennet Germany from the Dutch Tennet Holding. Tennet Germany operates Germany’s largest electricity transmission network, covering over 14,000 km of transmission corridors.