The Hague: In a landmark move reshaping European energy infrastructure, the Dutch government announced the sale of a 46% stake in TenneT’s German operations to a consortium of international investors for up to €9.5 billion ($11.3 billion). The investor group includes Dutch pension fund manager APG, Norway’s Norges Bank, and Singapore’s sovereign wealth fund GIC, highlighting growing global interest in Europe’s power transmission sector.

TenneT Germany, overseeing more than 14,000 kilometers of high-voltage transmission lines, is the country’s largest grid operator. The sale comes amid soaring funding demands for power infrastructure, fueled by the continent’s accelerated transition to renewable energy and the modernization of its grids. The Dutch government will execute the deal through

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