TenneT in talks with major German grid investors

Transmission system operator TenneT is in "active talks" with further investors in German offshore grid-links after signing a deal with Japan’s Mitsubishi Corporation last month, Wilfried Breuer, senior manager for offshore projects at TenneT told Recharge.

Each of those investors would contribute “several hundred million euros”, Breuer said on the sidelines of an offshore wind conference in Hamburg.

“We’re talking primarily to big investors about considerable participations,” he added, declining to name them on confidentiality grounds.

Breuer did not put a timeframe on the negotiations, which he said may take longer than a couple of weeks.

“Projects are very complex, with complex risk and liability scenarios,” he said. “Investors are looking [in great detail] into that.”

The Mitsubishi  deal saw the Japanese group buy into German offshore wind grid-connections with a total investment of Log in to read complete article.

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