Potential offtaker

TenneT Holding B.V.

www.tennet.eu

Estimated electricity consumption

N/A

Countries of production presence

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TenneT Holding B.V. is a Dutch company that operates in the Electric Transmission and Distribution sector. The company is responsible for the transmission of electricity in the Netherlands and a large part of Germany. TenneT is one of the largest electricity transmission system operators in Europe, and it plays a crucial role in the energy transition towards a decarbonised future.

The company was established in 1998 as a result of the liberalisation of the electricity market in the Netherlands. TenneT is a state-owned company, and its shares are held by the Dutch Ministry of Finance. The company has around 4,000 employees and operates a high-voltage grid of over 23,500 kilometres in length.

TenneT's main objective is to ensure a reliable and secure supply of electricity to its customers. The company is also committed to the decarbonisation of the energy sector and the transition towards renewable energy sources. TenneT's strategy is aligned with the European Union's climate and energy targets, which aim to reduce greenhouse gas emissions by at least 55% by 2030 and achieve carbon neutrality by 2050.

One of the ways in which TenneT is contributing to the decarbonisation of the energy sector is through the integration of renewable energy sources into the electricity grid. The company is responsible for the connection of offshore wind farms to the onshore grid in the Netherlands and Germany. TenneT is currently working on several large-scale offshore wind projects, including the Hollandse Kust (zuid) and the IJmuiden Ver projects in the Netherlands, and the DolWin5 and BorWin5 projects in Germany.

TenneT is also involved in the development of corporate energy solutions, such as corporate power purchase agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from generators, providing them with a reliable and cost-effective source of clean energy. TenneT has signed several corporate PPAs with large companies in the Netherlands, including Google, Philips, and AkzoNobel.

In addition to its role in the integration of renewable energy sources, TenneT is also investing in the development of new technologies and innovations that will support the decarbonisation of the energy sector. The company is involved in several research and development projects, including the development of new grid technologies, energy storage solutions, and smart grid systems.

TenneT is also committed to reducing its own carbon footprint and has set ambitious targets to achieve carbon neutrality by 2025. The company is implementing a range of measures to reduce its energy consumption and increase the use of renewable energy sources, such as solar panels and wind turbines at its facilities.

Overall, TenneT Holding B.V. is a key player in the European energy sector, and its commitment to the decarbonisation of the energy sector is commendable. The company's focus on the integration of renewable energy sources, the development of corporate energy solutions, and the investment in new technologies and innovations will play a crucial role in the transition towards a decarbonised future.

✓ Science Based Targets member
✓ Declared Net Zero commitment