Netherlands State-Owned Grid Operator TenneT Starts Privatization Offer for TenneT Germany at Potential $29 Billion Enterprise Value (€27 Billion), Formed in 1998 after Appointed by Dutch Government to Operate Netherlands National High-Voltage Transmission Grid
13th March 2025 | Hong Kong
Netherlands state-owned grid operator TenneT is starting privatization offer for TenneT Germany at potential $29 billion enterprise value (€27 billion). TenneT was formed in 1998 after appointment by the Dutch government to operate Netherlands national high-voltage transmission grid. Announcement (11/3/25): “TenneT, as sole shareholder of TenneT Germany, is currently preparing two options to raise equity through third party investors: either via a private investment in or a potential listing of TenneT Germany. As part of the process for a private investment, TenneT published a public notice today that parties interested in a private investment in TenneT Germany are invited to contact the company’s financial advisors to receive additional information on TenneT Germany and the process.” TenneT – We own around 23,900 kilometres of high-voltage lines and cables, transporting electricity to 42 million homes and businesses. The Netherlands, and a significant part of Germany, rely on our services 24 hours a day, 7 days a week, 365 days a year. Without us, you could not use your computer, keep your food fresh in the fridge, charge your phone, watch TV, catch the train to work, use the ATM or even switch on the lights. Not to mention there would be no cars, clothes or appliances because factories need electricity. Everything that runs on electricity is powered by us. Without electricity, we’d struggle to survive in our always-on, connected world. Fortunately, our track record means the lights don’t go out. Our service level is as high as 99.99%. We are one of the best in the world at our job. History – Our story goes back to the earliest days of electricity, when electric lamps first began to replace candles. Dutch electrical pioneer, Willem Benjamin Smit, built the country’s first power station, primarily to provide electricity for his family’s homes and businesses. That was in 1886. By 1920, there were 550 municipalities providing electricity to their communities and Amsterdam was one of the most electrified cities in the world. These local providers joined forces to create the first national grid operator in 1949. This Association of Electricity Producing Companies (Samenwerkende electriciteitsproduktiebedrijven, or ‘SEP’) was TenneT’s predecessor. We became TenneT in 1998, when the Dutch government formally appointed us to operate the country’s national high-voltage transmission grid. In 2010, we acquired the German high-voltage grid from E.ON, making us Europe’s first cross-border transmission system operator. In Germany too, our roots are steeped in history. Our predecessors here date back to the 1920s, when the Prussian state electrified the north-west of Germany and bundled its electricity producers into a company called PreussenElektra. Around the same time, Bayernwerk AG built a national 110-kV grid in the south to supply the whole country. Years later, when Germany´s electricity market was privatised in 2000, their successors became E.ON.
“ Netherlands State-Owned Grid Operator TenneT Starts Privatization Offer for TenneT Germany at Potential $29 Billion Enterprise Value (€27 Billion), Formed in 1998 after Appointed by Dutch Government to Operate Netherlands National High-Voltage Transmission Grid “
Netherlands State-Owned Grid Operator TenneT Starts Privatization Offer for TenneT Germany at Potential $29 Billion Enterprise Value (€27 Billion), Formed in 1998 after Appointed by Dutch Government to Operate Netherlands National High-Voltage Transmission Grid
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