29 Jul 2016

Grid operator invests less in first half of 2016

Grid

TenneT

Dutch-German transmission grid operator TenneT has posted a consolidated EBIT of 417 million euros (324 million in Germany) in the first six months of 2016 and invested 875 million euros in the grid infrastructure (642 million in Germany). The EBIT decreased by 76 million euros compared to the same period last year; investments were down by 321 million euros. TenneT said its grid availability was at 99.9 percent. In Germany TenneT is responsible for building two direct-current grid connections which, since legal changes came into force at the beginning of the year, will now have to be built underground, requiring new planning and more expensive technology, the company said. TenneT has also started preparations for building the sea cable connection NordLink between Germany and Norway.

Read the half-year report in English here.

For more information read the CLEW dossier The energy transition and Germany’s power grid.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

Grid operator invests less in first half of 2016

German grid agency explores lowering connection costs for batteries, electrolysers in renewable-rich areas

Net-zero transition in German regions hinges on hydrogen and power grid buildout – report

German electricity supply continued to be highly reliable during energy crisis, nuclear phase-out

Grid operator lays first underground cables of key energy transition power line

Germany moves to make renewable energy costs fairer with new grid fees