{"id":15423,"date":"2024-06-21T11:24:26","date_gmt":"2024-06-21T09:24:26","guid":{"rendered":"https:\/\/cubeconcepts.de\/?p=15423"},"modified":"2026-04-29T08:00:15","modified_gmt":"2026-04-29T06:00:15","slug":"higher-total-costs-due-to-failed-sale-of-uenb","status":"publish","type":"post","link":"https:\/\/cubeconcepts.de\/en\/hoehere-gesamtkosten-durch-gescheiterten-uenb-verkauf\/","title":{"rendered":"Higher total costs due to failed TSO sale"},"content":{"rendered":"

The negotiations on the Sale<\/strong> of the \u00dcbertragungsnetzbetreibers<\/a> (TSO<\/strong>) Tennet have failed<\/strong> and become higher total costs<\/strong> and Grid charges<\/strong> for the urgently needed grid expansion. The Dutch operate the largest of the four transmission grids in Germany and originally wanted to sell it to the federal government. The transaction has now been canceled due to budget problems. Tennet is now examining other options such as private sales or an IPO.<\/p>\n\n\n\n

Higher costs due to financing from the private capital markets<\/h2>\n\n\n\n

The Dutch government had sought the sale because it was reluctant to make the billions of euros of investment required, most of which would have to be made in Germany. Over the next ten years, Tennet plans to Investments<\/strong> from up to 160 billion euros<\/strong>of which the majority is needed in Germany. Dutch Finance Minister Steven van Weyenburg expressed his disappointment at the failure of the negotiations and emphasized that the German government would support alternative solutions. Tennet plans to use public or private capital markets<\/strong> for financing and is supported by a Dutch shareholder loan of 25 billion euros.<\/p>\n\n\n\n

Reactions to the failed TSO sale<\/h2>\n\n\n\n

Economics Minister Robert Habeck regretted the failure of the deal, as a takeover would have Reduce electricity costs<\/strong> and Synergies could have been created<\/strong> could. FDP energy politician Michael Kruse sees this as a Alarm signal <\/strong>for the investment climate in Germany and calls for an economic turnaround. Nevertheless, Tennet will remain one of the four most important transmission system operators in Germany, playing a key role in the energy transition. The expansion of the grid, particularly for the transportation of wind power from the north to the south of Germany, is essential<\/strong> and requires Billions invested<\/strong>. The federal government also holds shares of between 20 and 25 % in the three remaining UNBs.<\/p>\n\n\n\n

Lack of funds from the KTF is now causing delays<\/h2>\n\n\n\n

Despite intensive negotiations between the Dutch and German governments and KfW, no agreement was reached. Originally, KfW was to take over the grid and sell it in part to private investors<\/strong> The federal government would have retained a blocking minority. However, the planned deal fell through due to Germany's financial difficulties, exacerbated by the disaster surrounding the Climate and Transformation Fund (KTF). The failure of the deal delays necessary investments<\/strong> in the German energy transition. Alternatives such as the sale to infrastructure funds are time-consuming and complicated. Discussions about cheaper but more protracted alternatives such as overhead lines instead of underground cabling further contribute to the delay.<\/p>\n\n\n\n

Effects of the failed TSO sale of Tennet<\/h2>\n\n\n\n

Politicians and experts are now expecting various effects from the failed TSO sale of Tennet. These include:<\/p>\n\n\n\n