- TenneT Holding Sells green bonds that generate strong investor demand.
- By 2030, the TSO expects to realize 38GW.
According to RenewablesNow, TenneT Holding BV, a transmission system operator (TSO), has successfully sold a €3.85 billion (USD 4.15 billion) green bond that generated strong investor demand, with orderbooks approaching €8 billion following final terms.
On Tuesday, the company said it successfully offered and priced a senior green bond offering divided into four tranches. ABN AMRO, BNP Paribas, Commerzbank, NatWest Markets, Santander, and UniCredit were the six active joint bookrunners.
TenneT plans to use the proceeds to invest in eligible green power transmission projects in the Netherlands and Germany. These will be focused on connecting large-scale offshore wind farms to the onshore electricity grid. The company will also invest in the onshore transmission grid to increase the transmission of renewables.
The TSO expects that around 2030, it will have realised at least 38GW of connection capacity for offshore wind farms in the Dutch and German parts of the North Sea.