TenneT Explores Selling German Power Grid Unit to Berlin
- German business requires about €15 billion of equity: TenneT
- Berlin wants to control grid to speed shift to clean energies
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Dutch power operator TenneT Holding BV said it’s exploring a possible sale of its German business to Berlin, as the government seeks ownership of the national grid to shore up energy security following Russia’s invasion of Ukraine.
While the Dutch government — TenneT’s sole shareholder — is happy to fund activities in the Netherlands, it’s looking for alternatives to finance the €15 billion ($16.1 billion) of equity required by the German business, the company said in a statement Friday.