Dutch, German grid operator TenneT to increase spending to 6 billion euros annually

AMSTERDAM – TenneT, the largest electrical grid operator within the Netherlands and Germany, mentioned on Wednesday it deliberate to extend annual spending to at the very least 6 billion euros ($6.58 billion) by 2025 from 4 billion euros in 2021.

Tennet, owned by the Dutch state, has been struggling to maintain up with calls for to enhance its grids and join renewable vitality sources as Europe makes an attempt to satisfy local weather objectives.

($1 = 0.9123 euros)

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