US EditionGermany Finalises Deal on TenneT Stake Purchase, Politico Reports
15 Articles
15 Articles
Despite the tight cash registers, the Federal Government is participating in the network operator TenneT for 7.6 billion euros. The taxpayer is thus responsible for the follow-up costs of the energy turnaround turbo by ex-economic minister Robert Habeck. The announced expenditure brake of his successor does not yet take up.
The German government has finished negotiations on investing in the German division of Dutch power grid operator TenneT and wants to acquire a stake for about 7.6 billion euros ($8.9 billion), news outlet Politico reported on Monday.
The expansion of the large electricity grids plays a central role in the energy transition - but it is very expensive. The federal government is now participating in a grid operator.The federal government is about to enter the grid operator Tennet Germany. Specifically, it is about a 25.1 percent stake. In the coming years, around 7.6 billion euros are estimated, as a letter from the finance ministry to the budget committee of the Bundestag show…
The federal government will become a new shareholder in the power grid operator Tennet Germany.
Tennet operates more than 14,000 kilometres of electricity grids in Germany. The Federal Government is now also planning to participate in the company. A billion euros will be spent on this.
The German government has apparently concluded negotiations regarding its acquisition of a stake in TenneT Deutschland. The federal government intends to purchase a 25.1 percent stake in the company for approximately €7.6 billion and participate in the expansion of the energy grid.
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