(SeeNews) - Nov 12, 2012 - The German Federal Network Agency said on Friday it did not certify local grid operator Tennet Tso GmbH as it could not show a proof for funds needed to meet its legal duties to operate and expand the network.
The firm, which is part of Dutch Tennet BV, is responsible for connecting to the grid offshore wind parks in the North Sea. It also operates one of the four mainland power transmission networks in Germany.
Tennet announced already several times that it cannot provide the financing for connecting the offshore wind parks, a spokeswoman from the German ministry of the economy commented the decision of the network agency.
According to Tennet, the liability risks for offshore connections are so big that investors are put off.
The German government is currently working on new regulations on the liability issues. An outcome is expected by the end of the year.