Germany Seals $9.6B TenneT Deal to Ease Power Grid Bottlenecks ...Middle East

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Germany Seals $9.6B TenneT Deal to Ease Power Grid Bottlenecks
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Germany has finalized a deal to buy a stake in the German division of Dutch power grid operator TenneT (TenneT Germany) for around €7.6–€8.9 billion (approx. $8.2–$9.6 billion), locking in some state influence over critical high-voltage infrastructure and unlocking funding capacity for the grid expansion required by the energy transition, Reuters reported on Monday.  The transaction is aimed at easing one of the most persistent constraints in Germany’s energy shift: financing and executing large-scale transmission…

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