The capital contribution will give CIP a 67% economic stakecoupled with a 49% voting interest in the project, which will link several Germanoffshore wind parks to the mainland. The total construction costs of theDolWin3 connection are expected to amount to €1.9bn.

“CIP’s investmenthighlights our ability to attract outside equity and solidifies our financialstrength. With this transaction TenneT has a sound financial basis to executeits onshore and offshore investment plans," says TenneT chief financial officer Otto Jager.

TenneT