Tennet Deutschland, a leading electricity transmission network operator, views the recent investment from three new partners as a strong endorsement of Germany’s attractiveness as a business location. According to CEO Tim Meyerjürgens, speaking to Handelsblatt, the investment highlights ongoing investor confidence in German infrastructure, particularly during a period of heightened geopolitical instability.
Meyerjürgens suggested that Germany is increasingly perceived as a stable and predictable environment for investment, even surpassing the perceived stability of the United States. However, he emphasized the importance of proactive regulatory action from the German Federal Network Agency (Bundesnetzagentur) to ensure network operators can achieve appropriate returns, a critical factor in attracting and retaining private investment.
The estimated cost of expanding Europe’s electricity transmission networks to 2050 is projected to reach €800 billion, necessitating ongoing private sector involvement to secure necessary financing.
There has reportedly been preliminary interest from the new German government regarding potential investment in Tennet Deutschland. Discussions about such participation are now feasible, marking a potential shift from previous legislative periods, where similar conversations stalled. While the Dutch state, which retains full ownership of Tennet Holding, remains the majority shareholder in Tennet Deutschland following the latest investment round, the influx of new partners underscores the ongoing appeal of the German market.
