Dutch to Loan Tennet €25 Billion With German Sale on Hold
- Officials say loan offers near-term financing bridge
- Talks on sale to Germany are ongoing: Dutch finance minister
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The Dutch government will lend grid operator Tennet Holding BV €25 billion ($27.4 billion) for much needed grid investments as the sale of its German network remains up in the air.
State-owned operator Tennet will use the funds for grid improvements and to support the Netherlands’ energy transition, Dutch Finance Minister Steven van Weyenberg announced Friday in a statement. The government signaled that the loan wasn’t a long-term solution, but offers a bridge until Tennet’s German grid is sold or another financing solution is found.