Global Information Lookup Global Information

50Hertz Transmission GmbH information


50Hertz Transmission GmbH
Company typeSubsidiary
IndustryElectricity
PredecessorVattenfall Europe Transmission
Verbundnetz Elektroenergie
Founded2002 (2002)
Headquarters
Berlin
,
Germany
Key people
  • Stefan Kapferer (CEO)
  • Dr. Frank Golletz (CTO)
  • Marco Nix (CFO)
  • Dr. Dirk Biermann (CMO)
  • Sylvia Borcherding (CHRO)
ServicesElectric power transmission
Revenue€9.9 billion (2017)[1]
Net income
€182 million (2017)[1]
OwnerElia System Operator (80%)
KfW (20%)
Number of employees
1,043[1]
ParentEurogrid GmbH
Websitewww.50hertz.com/en/
Map of transmission system operators in Germany

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 220 kV and 380 kV 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. The deal was approved by the European Commission on 10 May 2010. [2]

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.[3] 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.[4]

  1. ^ a b c "50Hertz Annual Report 2017" (PDF). 50hertz.com. 50 Hz Transmission. Retrieved 5 June 2018.
  2. ^ Foo Yun Chee (10 May 2010). "Elia's buy of Vattenfall's German grid cleared by EU". Reuters. Retrieved 28 June 2010.
  3. ^ "Elia Press Release". eliagroup.eu. Elia Group. Archived from the original on 23 July 2018. Retrieved 5 June 2018.
  4. ^ Press release (August 22, 2018), GElia welcomes German Bank KfW as shareholder in transmission system operator 50Hertz Archived 23 August 2018 at the Wayback Machine Elia.

and 16 Related for: 50Hertz Transmission GmbH information

Request time (Page generated in 0.8073 seconds.)

50Hertz Transmission GmbH

Last Update:

50Hertz Transmission GmbH, formerly named Vattenfall Europe Transmission, is one of four transmission system operators for electricity in Germany, and...

Word Count : 324

Elia Transmission Belgium

Last Update:

the Vattenfall-owned German transmission system operator 50Hertz Transmission GmbH, one of the four German transmission system operators. The transaction...

Word Count : 611

Amprion

Last Update:

(220 kV): 5.700 km Germany portal Energy portal Companies portal 50Hertz Transmission GmbH TenneT TransnetBW Jahresabschluss zum 31. Dezember 2011 (Bundesanzeiger)...

Word Count : 77

Kontek

Last Update:

of today, the cable is operated by Energinet.dk in Denmark and 50Hertz Transmission GmbH in Germany. Kontek is remarkable because, in contrast to similar...

Word Count : 688

Electricity sector in Germany

Last Update:

four German TSOs are: 50Hertz Transmission GmbH (owned by Elia, formerly owned by Vattenfall) Amprion GmbH (RWE) Tennet TSO GmbH (owned by TenneT, formerly...

Word Count : 3794

European Market Coupling Company

Last Update:

following transmission system operators (TSOs) and electricity exchanges (PXs) in North-Western Europe: Energinet.dk, TenneT TSO GmbH, 50Hertz Transmission GmbH...

Word Count : 611

CAO Central Allocation Office

Last Update:

CAO was established in 2008 by eight transmission system operators (TSOs) from CEE: 50Hertz Transmission GmbH, Austrian Power Grid, ČEPS, a.s., Elektro-Slovenija...

Word Count : 602

Third Energy Package

Last Update:

the separation of companies' generation and sale operations from their transmission networks, and the establishment of a National regulatory authority (NRA)...

Word Count : 1455

European Union Agency for the Cooperation of Energy Regulators

Last Update:

Community European Network of Transmission System Operators for Electricity (ENTSO-E) European Network of Transmission System Operators for Gas (ENTSOG)...

Word Count : 395

PreussenElektra

Last Update:

VEAG was sold to Hamburgische Elektricitäts-Werke AG (HEW), now 50Hertz Transmission GmbH. In 1999, PreussenElektra acquired N.V. Electriciteitsbedrijf...

Word Count : 540

Economy of Berlin

Last Update:

other notable companies with their headquarters in Berlin are 50Hertz Transmission GmbH, Axel Springer SE, Bombardier Transportation, Bundesdruckerei...

Word Count : 2337

TenneT

Last Update:

in South Holland. In Germany, its subsidiary TenneT TSO GmbH is one of the four transmission system operators. Formerly named Transpower, it was taken...

Word Count : 1653

Mediaspree

Last Update:

to various businesses, of which 6,700m² (72,118sq.ft.) goes to 50Hertz Transmission GmbH. Arena Berlin on Eichenstraße 4 is an event venue in Berlin-Treptow...

Word Count : 11256

List of HVDC projects

Last Update:

contract for plastic-insulated underground cable for 525 kilovolts". www.50hertz.com. Archived from the original on 2020-05-10. Retrieved 2020-05-08. Latief...

Word Count : 5258

Local flexibility markets

Last Update:

(in German). Retrieved 10 June 2018. "Veröffentlichungen von EEG-Daten". 50Hertz (in German). Retrieved 10 June 2018. "Einspeisemanagement-Einsätze nach...

Word Count : 2926

Electric vehicle charging network

Last Update:

400/450 electric vehicles circulating. Germany has four major transmission system operators (50Hertz, Amprion, TenneT, TransnetBW). They try to set themselves...

Word Count : 14880

PDF Search Engine © AllGlobal.net