TenneT GmbH & Co. KG

TenneT Germany announced the launch of its first Green Finance Framework and European Green Bond Factsheet, marking an important step in aligning its financing strategy with the European Green Bond Standard. TenneT Germany is among the first movers to align with the European Green Bond Standard, which is perceived as “Gold Standard” for green finance in Europe. Both documents enable TenneT Germany to issue green finance instruments under the use-of-proceeds principles and represents the next milestone on the company’s path into the debt capital markets. “Green finance is an integral part of our long-term funding strategy,” said Dr Markus Binder, CFO of TenneT Germany. “It enables us to significantly broaden our target investor base in preparation for our inaugural bond transaction. At the same time, it clearly underlines our strong commitment to a sustainable energy future – as we continue to embed sustainability principles across all levels of our organisation, including our financing strategy. Following the successful completion of our inaugural revolving credit facility in October 2025, this marks another important milestone on our way to establishing TenneT Germany as a strong and independent player in the financial markets.” TenneT Germany plans to invest around EUR 65 billion in the period 2025 to 2029 in the expansion and modernisation of its transmission grid – a key enabler of decarbonisation within the German and European energy transition. This includes key projects onshore and offshore that enable the efficient integration of renewable energy into the electricity grid. The Green Finance Framework is aligned with the ICMA Green Bond Principles 2025 and the LMA Green Loan Principles 2025. Sustainable Fitch provided a Second Party Opinion with the best possible overall alignment score of “Excellent” and provided Pre-Issuance Review of the European Green Bond Factsheet. The European Green Bond Factsheet is fully aligned with Regulation  (EU) 2023/2631, and economic activity 4.9 “Transmission and distribution of electricity”. Sustainable Fitch has also verified that the use of proceeds fully aligns with the EU Taxonomy, including substantial contribution to climate change mitigation, do-no-significant-harm criteria, and minimum safeguards. Further information
The full Green Finance documents and additional details on TenneT Germany’s financing activities are available on the company’s new Investor Relations website: https://www.tennet-ir.eu/en/green-financing ING acted as Sole Sustainability Structurer to TenneT Germany in connection with the establishment of the Green Finance Framework and the European Green Bond Factsheet. 

Contact:

NAME Maria-Elena Richter PHONE +49 (0)151 2178 4235 E-MAIL maria-elena.richter@tennet.eu

About TenneT Germany TenneT Germany is the largest transmission system operator in Germany  
(based on circuit length, installed capacity and size of operating zone as of 31 December 2024). The company operates critical infrastructure that secures access to a reliable, sustainable and affordable electricity supply. TenneT Germany is one of the largest investors in electricity grids on land and at sea in Germany. Located at the Northwest European energy crossroads, TenneT Germany connects: North and South. Offshore and Onshore. Germany and Europe. With its approximately 5,000 employees the company builds, maintains and operates Germany's largest transmission grid with a length over 14,000 km connecting more than a third of the European Union’s total offshore wind capacity. Its growth is driven by a rapidly evolving electricity demand that requires a flexible and growing grid architecture. TenneT Germany is part of TenneT Group, the European leader in cross-border grid development and pioneer in linking mainland Europe to one of the world’s largest renewable energy sources, the North Sea.