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50Hertz Transmission GmbH, formerly named Vattenfall Europe Transmission, is one of four transmission system operators for electricity in Germany, and is wholly owned by Eurogrid GmbH, indirectly owned and managed by the Belgian transmission system operator Elia System Operator and Australian-based IFM Investors. The company is a member of the European Network of Transmission System Operators for Electricity (ENTSO-E).
The company has headquarters in Berlin and owns the high power network in eastern Germany as well as the area around Hamburg. It operates the and networks and has about 10,200 km of power lines covering about 30% of Germany by area. The company employs 1,043 employees.
On 12 March 2010, Elia System Operator and Industry Funds Management acquired 50Hertz Transmission from
GElia welcomes German Bank KfW as shareholder in transmission system operator 50Hertz
'' Elia''.
50Hertz Transmission GmbH, formerly named Vattenfall Europe Transmission, is one of four transmission system operators for electricity in Germany, and is wholly owned by Eurogrid GmbH, indirectly owned and managed by the Belgian transmission system operator Elia System Operator and Australian-based IFM Investors. The company is a member of the European Network of Transmission System Operators for Electricity (ENTSO-E).
The company has headquarters in Berlin and owns the high power network in eastern Germany as well as the area around Hamburg. It operates the and networks and has about 10,200 km of power lines covering about 30% of Germany by area. The company employs 1,043 employees.
On 12 March 2010, Elia System Operator and Industry Funds Management acquired 50Hertz Transmission from Vattenfall
Vattenfall is a Swedish multinational power company owned by the Swedish State. Beyond Sweden, the company generates power in Denmark, Finland, Germany, the Netherlands, and the United Kingdom.
The company's name is Swedish for "waterfall", and ...
. The deal was approved by the European Commission on 10 May 2010.
On 23 March 2018, Elia announced its decision to exercise a pre-emption right and to increase its share in Eurogrid, the holding company of 50Hertz, from 60% to 80% for a transaction price of €976.5 million. Later that year, Elia announced the closing of the transactions with IFM and the German state-owned bank Kreditanstalt für Wiederaufbau ( KfW) regarding a 20% stake in Eurogrid International. With the close of these transactions, KfW, on behalf of the German Federal Government, replaces IFM as shareholder in Eurogrid.Press release (August 22, 2018)GElia welcomes German Bank KfW as shareholder in transmission system operator 50Hertz
'' Elia''.
See also
*Amprion GmbH
Amprion GmbH (formerly ''RWE Transportnetz Strom GmbH'') is one of the four transmission system operators for electricity in Germany with approx. 950 employees.
It is a member of European Network of Transmission System Operators for Electricity ...
* TenneT
* TransnetBW
References
External links
* Electric power transmission system operators in Germany Vattenfall {{energy-company-stub