Transmission system operator TenneT has become the Netherlands' largest corporate green debt issuer following a two-tranche, €1.25bn ($1.40bn) launch. TenneT plans to invest €35m over the coming decade in Netherlands- and Germany-based projects linking offshore wind to the onshore grid. In the period up to 2030, Tennet expects to have realised approximately 25GW of connection capacity for offshore wind farms in the Dutch and German parts of the North Sea, transmitting enough electricity to power 31 million households for a full year, annually. The Dutch government is also investing heavily into renewable energy with subsidies for solar power totalling more than €500m, while it will subsidise new nuclear plants worth up to €1bn.
Transmission system operator TenneT has become the Netherlands' largest corporate green debt issuer following a two-tranche, €1.25bn ($1.40bn) launch. TenneT plans to invest €35m over the coming decade in Netherlands- and Germany-based projects linking offshore wind to the onshore grid. The Dutch government is also investing heavily into renewable energy with subsidies for solar power totalling more than €500m, while it will subsidise new nuclear plants worth up to €1bn.