Category: Europe Deal Watch

Japan’s Tepco PG to buy minority stake in NeuConnect

Japan’s Tepco Power Grid (PG) has entered into a stock purchase agreement with the shareholders of FI1 Limited (FI1) via its UK subsidiary TEPCO Power Grid UK Limited, for the acquisition of FI1, which has a minority stake in...

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National Grid and UK Power Networks collaborate on new grid infrastructure

Britain’s transmission system operator (TSO) National Grid has collaborated with UK Power Networks (UKPN) to power thousands of new homes and enable business growth and new jobs in Bedfordshire. To this end, the entities have commenced works on National Grid’s 400 kV substation and UKPN’s new grid substation in Biggleswade.

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Baltic and Polish TSOs sign grant pact for synchronisation project

The three Baltic electricity transmission system operators (TSOs) of Lithuania (Litgrid), Latvia (AugstspriegumaTīkls AS or AST), and Estonia (Elering), along with Poland’s TSOPolskieSieciElektroenergetyczne (PSE), have signed a EUR170 million grant agreement with Europe’s Climate, Infrastructure and Environment Agency (CINEA) under the European Union (EU) funding for Phase II, Part II of the Baltic synchronisation project.

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German government considers stake acquisition in TransnetBW

The German government is considering acquiring a minority stake in Germany’s transmission system operator (TSO) TransnetBW, owned by Germany-based power generation company—Energie Baden-Wurttemberg AG (EnBW). Earlier in February 2022, EnBW had reported that it was mulling over selling up to 49.9 per cent in TransnetBW to attain funds for its expansion plans amid the growing demand for sustainable solutions.

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EIB to finance GREGY Green Energy Interconnector

European Investment Bank (EIB), along with some Greek banks, is expected to finance the USD3.73 billion GREGY Green Energy Interconnector, a Greek-Egyptian grid interconnection developed by Elica SA, part of Greece’s Copelouzos Group.

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EBRD loans EUR20 million for upgrade of Bosnia’s transmission grid

The European Bank for Reconstruction and Development (EBRD) has granted a EUR20 million loan to Bosnia and Herzegovina’s transmission system operator (TSO) Elektroprenos BiH, for modernisation of its core telecommunication systems, in order to improve the efficiency and management of the TSO’s electricity substations and distribution systems.

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Danish Energinet secures EUR202 million loan from NIB for Viking Link

Danish power transmission system operator (TSO) Energinet has secured a 10-year, EUR202 million loan from the Nordic Investment Bank (NIB) to finance the construction of Viking Link, a proposed 1.4 GW, 740-km high voltage direct current (HVDC) electricity interconnection between Revsing in South Jutland, Denmark and Bicker Fen in Lincolnshire, UK.

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Ukraine’s Ukrenergo signs grant agreement with Germany’s KfW

Ukraine’s transmission system operator (TSO) National Power Company Ukrenergo (NPC Ukrenergo or Ukrenergo), has signed a grant agreement worth EUR1.7 million with KfW Entwicklungsbank (KfW Development Bank) for renovation and automation of the 330 kV Podilska substation situated in the Odesa region under the ‘Increasing the Efficiency of Electricity Transmission III (Integration of Ukraine’s Energy System into the European Energy System) project.

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UK’s Rampion Offshore Wind sells transmission assets to TCP

Rampion Offshore Wind Limited, the developer of 400 MW offshore wind in the UK, has sold its high voltage transmission assets to Transmission Capital Partners (TCP)—a consortium of Transmission Capital Partners Limited Partnership (TCP LP) and International Public Partnerships Limited (INPP).

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