German government takes stake in Tennet to fund grid expansion

heise.de (German)

Germany's federal government is acquiring a 25.1% stake in Tennet Deutschland, a major electricity grid operator, for approximately 3.3 billion euros. This strategic investment, made through the KfW development bank, aims to strengthen Tennet's capital base and ensure planning security for the essential expansion of Germany's electricity grids. The acquisition, expected to be finalized by the third quarter of 2026, grants the government veto rights on key decisions and provides insight into Tennet's financial status.


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