The Dutch government has agreed to sell a 46 per cent stake in TenneT’s German subsidiary to a consortium of global investors for up to €9.5 billion ($11.3 billion), marking a major step in its long-planned divestment of the power grid operator.
The stake will go to Dutch pension fund manager APG, Norway’s Norges Bank, and Singapore’s sovereign wealth fund GIC through a private placement of newly issued shares.
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The sale comes as Europe faces soaring investment needs to expand and modernize its electricity grids, particularly to integrate renewable energy.
TenneT Germany, the country’s largest high-voltage grid operator with over 14,000 kilometres of transmission lines, plays a critical role in this transition.
Berlin has also expressed renewed interest in acquiring a minority stake in TenneT Germany through state-owned lender KfW.
Talks are expected to begin soon after earlier negotiations collapsed last year under the previous government.
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The deal marks one of Europe’s largest energy infrastructure transactions this year and underscores the growing role of institutional investors in funding the energy transition.
Esther Ososanya is an investigative journalist with Pinnacle Daily, reporting across health, business, environment, metro, Fct and crime. Known for her bold, empathetic storytelling, she uncovers hidden truths, challenges broken systems, and gives voice to overlooked Nigerians. Her work drives national conversations and demands accountability one powerful story at a time.
