Tennet Holding Bv News

Netherlands-based transmission system operator TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind.The Green Bond issue is split in two tranches of EUR 500 million and EUR 750 million with the support of five banks: ABN AMRO, Barclays, HSBC, NatWest Markets and SMBC Nikko."Proceeds will be used to invest in green projects in the Netherlands and Germany to connect large scale of offshore wind to the onshore electricity grid," said a press release.Over the next ten years TenneT expects to invest EUR 35 billion in offshore and onshore grid connections across the Netherlands and Germany, driving the energy transition.Approx.

Thanks to increasing levels of debt financing for climate-aligned projects, wind-generated power has become one of the fastest-growing green industries. Jessica Williams, an Infrastructure Analyst at S&P Global Ratings, considers the submarine technologies that are making this progress possible.Renewable energy is making an increasing contribution to the electrical grid. By the end of 2016, “green energy” sources accounted for almost a quarter of the world’s electricity supply, according to REN21.

GL Garrad Hassan was technical adviser to Mitsubishi Corporation (MC) on their recent acquisition of a 49% stake in the BorWin1 and BorWin2 German offshore high-voltage, direct current (HVDC) links. The company acted as the sole technical advisor to MC providing due diligence assessment of the BorWin assets and follow on support to the MC team, utilising experts from across the company but in particular from the offshore and electrical groups. MC, Japan’s largest trading group, acquired a 49% share in the offshore transmission assets BorWin1 and BorWin2 from TenneT Holding B.V. in December 2012. Together these transmission assets represent 1.2 GW of electrical connection capacity available for German offshore wind farms.