TenneT is a Dutch electricity transmission system operator, headquartered in Arnhem. The company builds, operates, and maintains onshore and offshore high-voltage grids in the Netherlands and Germany. The company operates through TSO Netherlands, TSO Germany, and non-regulated company segments. It primarily offers power transmission and system services, as well as facilitates the energy market. The company supplies electricity through its high-voltage grid that is connected to regional and local distribution grids managed by various other grid companies, as well as directly to various industrial customers. It also provides non-regulated services, including management of infrastructure to send and receive broadcasting and telecom signals. The company has approximately 23,500 kilometers of high-voltage connections, which supply electricity to approximately 42 million end-users. TenneT was formed in 1998 when the Dutch electricity industry was liberalised and was incorporated as a business in 2001 with the passing of the Electricity Production Sector Transition Act.
TenneT has been an active issuer on the green bond market since 2015. The company issues green bonds to finance transmission of renewable electricity from offshore wind power plants into the onshore electricity grid using direct current technology or alternating current technology. Developing, constructing and reconstructing onshore electricity grid will also enhance the transmission capacity for renewable energy. These activities create direct access to renewable electricity, contributing to potential avoidance of CO2 emissions. The main impact is to decrease CO2 emission and increase renewable energy % in the power mix in the areas it serves. TenneT explicitly confirms that these green instruments contribute to two UN SDGs: SDG7 Ensure access to affordable, reliable, sustainable and modern energy for all, and SDG13 Take urgent action to combat climate change and its impacts.
The company also has corporate social responsibility strategy, which includes people-related KPIs, for example minimum thresholds for percentage of female employees in executive board, new management hires and entire employee population.