“With committed investments of €6bn ($7.5bn), TenneT makes an unparalleled contribution to the German energy transition,” says chief executive Mel Kroon.

However, he acknowledges that to allow further investments offshore in Germany, the company requires additional equity.

“Solid legal arrangements will facilitate attracting investors. Political progress has been made with respect to issues relating to liability, long-term planning and financing,” Kroon says.

Discussions