Dutch transmission grid operator (TSO) TenneT has placed green bonds in a triple-tranche placement worth EUR1.8 billion (US$2.19 billion), which aims to finance interconnection projects in the Netherlands and Germany.
The euro-bond sale consists of two EUR650 million bonds (US$790.74 million) maturing in 6.5 years and 20 years and bearing a coupon of 0.125% and 1.125%, respectively, and a EUR500 million bond (US$608.26 million) with a 10-year term and a coupon of 0.500%.
TenneT will use the funds for the investment in green energy projects to connect large-scale offshore wind farms to the mainland energy grid and to expand the onshore transmission capacity. The company has recently commissioned the 1.4 GW NordLink Subsea Interconnector project, that connects Norway and Germany via bipolar high voltage direct current (HVDC) subsea cable.
Country updates
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May 31, 2021
BASF and RWE to develop 2 GW Offshore wind farm in Germany
BASF Group and energy developer RWE are partnering to build a 2 GW offshore wind farm to provide the Ludwigshafen chemical site with green electricity and enable CO2-free production of hydrogen.
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May 28, 2021
Iberdrola signs turbine supply & maintenance contracts for 476 MW Offshore wind farm in Germany
Iberdrola and Vestas have signed a contract to supply 50 units of the offshore wind turbine V174-9.5 MW for the Baltic Eagle project being developed off the island of Rügen, in German waters of t...
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May 21, 2021
Hexicon to develop 85 MW TwinWay floating wind project
Hexicon will develop a demonstrator project for floating wind power at Metcentre deepwater area off the coast of Norway. The project, TwinWay, is a pilot to commercialize new offshore floating wind te...
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May 20, 2021
Iberdrola and 50Hertz to develop offshore substation for 476 MW wind farm in Germany
Iberdrola and 50Hertz have signed an agreement for the construction, installation and commissioning of the offshore substation (OSS) for the 476 MW Baltic Eagle offshore wind farm in the Ger...
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May 19, 2021
RWE to trial vibro installation method at 342 MW Kaskasi offshore wind farm in the North Sea
“VISSKA” is the German acronym for a research project aimed at exploring the use of vibratory pile driving at the Kaskasi II offshore wind farm, in terms of installation, noise emissions,...
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