NETHERLANDS - In the first half of 2022, TenneT made significant progress on several projects.
TenneT has announced that in the first half of 2022 within a complex and unpredictable external environment they continued their strong efforts to drive the energy transition, investing €1.6 billion ($1.63 billion) in the grid and once again maintaining a high grid availability of 99.999%. Underlying revenue increased by €2.407 million ($2.45 million) to €4.975 million ($5.064 million).
According to TenneT, this was mainly due to increased compensation for grid-related expenses and the increased asset base. The underlying operating result increased by €148 million ($150.6 million) to €579 million ($589.3 million). With energy security in the spotlight as never before, TenneT is focusing on both short-term and long-term solutions to deliver on its critical task: ensuring the continuous availability of electricity for nearly 43 million end-users across the Netherlands and Germany.
According to the company, in the first half of 2022, they made significant progress on several projects.
In the Netherlands, offshore grid Hollandse Kust Alpha and Beta - TenneT’s high voltage connections for offshore wind farms Hollandse Kust are ready for use. When fully commissioned in 2023, the 1,400 MW wind farm area should generate green electricity equal to the annual consumption of more than two million households.
In Germany, TenneT delivered a new 61 kilometers (37.9 mi) long high-capacity 380 kV power line between Emden and Conneforde. This new connection can transmit three and a half times as much electricity as the previous one. It should primarily transport and distribute wind power from the North Sea.
Source: TenneT