Netherlands Picks TenneT to Be Sole Power-Grid Operator at Sea

The Dutch government selected its own company TenneT Holding BV as the sole operator to connect the country’s offshore wind farms to the mainland power grid, saying it will save consumers money.

Tennet’s hub technology reduces the number of large grid platforms that need to be built in the North Sea, resulting in savings of 3 billion euros ($4 billion) over 15 years, Dutch Economic Affairs Minister Henk Kamp wrote in a letter to parliament. TenneT will connect 3,450 megawatts of sea-based wind farms by 2023, the company said in a website statement.

“In a time when fossil fuels are running out, the production of wind power becomes increasingly important,” Kamp said. “TenneT is capable of transporting the wind power that will be generated at sea to the consumer” in the cheapest possible way.

The Dutch government is banking on offshore wind to help meet its target of sourcing 14 percent of the country’s energy from renewables by the end of the decade, and cutting carbon dioxide emissions by as much as 95 percent by 2050.

“There is no time to waste if we want to meet the Dutch energy transition targets,” TenneT said in the statement dated yesterday. The grid company, which has gained experience connecting offshore farms in Germany, also expects to build 8,000 megawatts of grid capacity in German waters by 2020.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE