Tennet Deutschland, a leading electricity transmission network operator, has welcomed the investment of three new partners, signaling confidence in Germany as a stable and attractive investment location. According to Tim Meyerjürgens, CEO of Tennet Germany, the move demonstrates the ongoing appeal of German infrastructure, particularly within the context of current geopolitical instability.
Meyerjürgens voiced the perspective that Germany is increasingly perceived as a ‘safe haven,’ offering a degree of predictability considered to surpass that of the United States. He emphasized, however, that continued investment is contingent on the German Federal Network Agency ensuring a favorable regulatory environment that allows transmission network operators to achieve appropriate returns.
The expansion of European electricity transmission networks is projected to require substantial capital investment, estimated at approximately €800 billion by 2050. This level of funding necessitates that network businesses maintain attractiveness to private investors.
Recent expressions of interest from the new German government regarding potential investment in Tennet Deutschland have been noted. The Dutch state, which currently holds complete ownership of the parent company, Tennet Holding, has indicated willingness to discuss a potential partnership with the German government. Previous negotiations during the prior legislative period were unsuccessful. Following this new investment, the Dutch state will retain majority ownership of Tennet Deutschland.