50Hertz Transmission GmbH
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50Hertz Transmission GmbH, formerly named Vattenfall Europe Transmission, is one of four
transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...
s for electricity in
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
, and is wholly owned by Eurogrid GmbH, indirectly owned and managed by the Belgian transmission system operator
Elia System Operator Elia is a Belgian transmission system operator for high-voltage electricity (30,000–380,000 volts), located in Brussels, Belgium. It operates in Belgium and Germany. The company transmits electricity from generators to distribution system operat ...
and Australian-based
IFM Investors IFM Investors is a provider of investment services. As at 30 June 2021, IFM Investors invests on behalf of more than 550 institutions worldwide, including pension, superannuation and sovereign wealth funds, universities, insurers, endowment fun ...
. The company is a member of the
European Network of Transmission System Operators for Electricity ENTSO-E, the European Network of Transmission System Operators, represents 39 electricity transmission system operators (TSOs) from 35 countries across Europe, thus extending beyond EU borders. ENTSO-E was established and given legal mandates by ...
(ENTSO-E). The company has headquarters in Berlin and owns the high power network in eastern Germany as well as the area around
Hamburg (male), (female) en, Hamburger(s), Hamburgian(s) , timezone1 = Central (CET) , utc_offset1 = +1 , timezone1_DST = Central (CEST) , utc_offset1_DST = +2 , postal ...
. 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 The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body o ...
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 The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment bank, investment and Development finance institution, development bank, based in Frankfurt ...
) 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 Elia is a name which may be a variant of the names Elias, Elijah, Eli or Eliahu, and may refer to: People * Aelia (gens) or Elia, a ''gens'' of Ancient Rome Mononymic * Elia or Elijah, a biblical prophet * Elia, a pen-name of Charles Lamb First ...
''.


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 TenneT is a transmission system operator in the Netherlands and in a large part of Germany. ''TenneT B.V.'' is the national electricity transmission system operator of the Netherlands, headquartered in Arnhem. Controlled and owned by the Dutch g ...
*
TransnetBW EnBW Energie Baden-Württemberg AG, or simply EnBW, is a publicly-traded energy company headquartered in Karlsruhe, Germany. As its name indicates, EnBW is based in the German state of Baden-Württemberg. History Foundation and development EnB ...


References


External links

* Electric power transmission system operators in Germany Vattenfall {{energy-company-stub