TenneT Holding B.V.
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Publicatie datum
05 mei 2011 - 14:04
Statutaire naam
TenneT Holding B.V.
Titel
Stable annual result in 2010 necessary for investments of 10 billion euro in Dutch and German grid
Bericht
• TenneT to invest EUR 4 to 5 billion euro in Dutch and EUR 5 to 6 billion in German grid over the next 10 years
• Net profit for shareholder rises from EUR 72 million to EUR 76 million
• Impairment of EUR 134 million recorded due to changes in Dutch regulatory regime
• Start of realization of essential high-voltage connection in Randstad area
• Integration of German high voltage grid has positive impact on result development
In 2010 TenneT took an important step towards the establishment of a single European energy market by acquiring the German TSO transpower. The acquisition has had a significant impact on the revenue of Europe’s first cross border electricity transmission operator, which showed an increase from EUR 543 million in 2009 to EUR 7,326 million in 2010. The resale of sustainable energy in Germany accounts for EUR 6 billion of this total, with the associated revenue stream having a neutral impact on results. These are some of the highlights of TenneT’s Annual Report for 2010, which is published today.
Investments
During the year under review TenneT made substantial investments in a number of projects including Randstad380, a high voltage connection between the Maasvlakte and Bleiswijk, and BritNed, an undersea cable link between the Netherlands and the UK. The company further invested in upgrading the Dutch transmission grid and in linking up offshore wind farms to the German transmission grid. Based on the latest insights, the total investment in the Dutch and German grids is estimated at 9 to 11 billion euro over the next ten years. In the Netherlands, the investment projects concern large-scale 380 kV connections in the north, west and south west of the country with a total length of over 400 kilometres. In Germany, TenneT is investing in 7 offshore connections that will link wind farms in the North Sea to the onshore high voltage grid. Furthermore, German investments consist of over 500 km of necessary onshore connections, that will transport wind
Datum laatste update: 27 juli 2024