TenneT launches EUR 1.8 billion green bond
Holding B.V. (issuer ratings A3/A-, stable outlook) has launched and priced
a Green Bond issue of EUR 1.8 billion, split in three tranches of EUR 650
million (term: 6.5 years, coupon 0.125%), EUR 500 million (term: 10 years,
coupon 0.500%) and EUR 650 million (term: 20 years, coupon 1.125%).
It was launched with the support of six active Joint Bookrunners: BNP Paribas,
Deutsche Bank, HSBC, ING Bank, Rabobank and UniCredit.
Proceeds will be used to invest in eligible green power transmission projects
in the Netherlands and Germany focused on connecting large-scale offshore
wind farms to the onshore electricity grid and enhancing the onshore transmission
capacity for renewable energy. Further details on these projects and project
selection process is set out in TenneT’s Green Financing Framework dated
With annual planned investments expected to grow to approximately EUR 5
to 6 billion within the next five years, TenneT is heavily investing in
the energy transition in Europe. The majority of TenneT's investments are
directly related to the increase in renewable energy sources, such as wind
and solar energy. By 2030 TenneT expects to have realized approximately
28 GW of connection capacity for offshore wind farms in the Dutch and German
parts of the North Sea, transmitting an amount of electricity sufficient
to support the energy usage of approximately 28 million households.
In addition, TenneT plans to build a first cross-border wind power hub
in the North Sea together with consortium partners by 2035, which, with
12,000 MW, will have the capacity of twelve large power plants. The hub
will supply Denmark, the Netherlands and Germany with green wind power
from the North Sea.
For more information on offshore wind
farms worldwide, click