A consortium of investors to invest €9.5bn in TenneT Germany.

A consortium of investors including APG, GIC and Norges Bank Investment Management agreed to invest €9.5bn in TenneT Germany, a European grid operator. "We are truly pleased to have achieved a structural solution for TenneT Germany's equity need and I eagerly look forward to partnering with these highly reputable investors. With this financing solution, TenneT remains Europe's leading crossborder TSO, a key player in system integration, offshore wind connections and market innovation. This announcement marks the end of an intense period during which we have separated our Dutch and German operations within the group, implemented a new funding structure for TenneT Netherlands and secured equity funding for TenneT Germany. I am proud of all my colleagues and our close collaboration with the Dutch Ministry of Finance throughout the process. We will continue our full focus on securing access to reliable, sustainable and affordable electricity supply," Manon van Beek, TenneT Holding CEO.