Collaboration is key to providing a European grid system capable of facilitating the renewable energy transition, according to transmission system operator TenneT.
The TSO outlined in its 2017 half year results work with Danish counterpart Energinet to set up a North Sea wind power hub to help supply large-scale offshore capacity to European grids.
TenneT chief executive Mel Kroon said further integration of the north-west European electricity markets is needed to facilitate more renewable capacity that will require more collaboration between companies.
He added that smart systems must also be developed that “efficiently match the demand for electricity with fluctuating supply from these green energy sources”.
TenneT reported revenue of almost €2bn in the first half of 2017, up from just over €1.5bn in the same period last year.
Earnings were also up at €796m from €715m in the first six months of 2016.
TenneT said the increase was mainly driven by the reimbursement of payments made to electricity generators for shifting production to avoid overloads on the grid or to keep supply of and demand for electricity in balance.
The company said it has also set up an office in Brussels in order to “ensure a permanent presence in the administrative heart of Europe”.
Image: TenneT
TenneT trumpets teamwork
TSO says collaboration key to facilitating renewables transition in Europe
By EBS