Moody's downgraded Eurogrid's rating to Baa2 from Baa1; outlook stable

Berlin (17 Jan 2024)

S&P lowered rating on Eurogrid GmbH to BBB from BBB+; outlook stable

Berlin (08 Dec 2023)

Strengthening equity capital

Berlin (10 Aug 2023)

Despite a challenging regulatory environment, the shareholders of Eurogrid, Elia Group and KfW, continue to stand by their commitment to successfully shape the energy transition. This commitment is expressed through a further contribution of 120 million euros to Eurogrid's capital reserves.

Eurogrid GmbH has published financial statements for the first half-year 2023

Berlin (27 July 2023)

> Eurogrid GmbH Unaudited Condensed Consolidated Interim Financial Statements for the First Half-Year 2023

Eurogrid GmbH has published Green Bond Reporting 2022

Berlin (28 April 2023)

> Green Bond Report 2022

New Eurogrid Prospectus for EUR 15bn DIP filed by CSSF, Luxemburg

Berlin (14 Apr 2023)

Eurogrid Prospectus 2023

Moody's affirms Baa1 rating of Eurogrid GmbH but changes outlook to negative

Berlin (27 January 2023)

S&P Global Ratings affirms BBB+ rating of Eurogrid GmbH but changes outlook to negative

Berlin (22 Dec 2022)

Press Release Elia Group Rating Action

New Eurogrid Funding Policy resolved and published

Berlin (19 Dec 2022)

> Eurogrid GmbH Funding Policy

Eurogrid receives 250 million euros of equity by its shareholders

Berlin (05 August 2022)

Elia Group NV/SA and Kreditanstalt für Wiederaufbau (“KfW”) have, through their respective subsidiaries (Eurogrid International NV/SA and Selent Netzbetreiber GmbH), provided an amount of €250 million euros as a contribution to the capital reserves of Eurogrid GmbH, which holds full (100%) ownership of 50Hertz Transmission GmbH.

Marco Nix, CFO at 50Hertz: “With this measure both shareholders strengthen the liquidity and balance sheet, expressing their ongoing and sustainable commitment to Eurogrid and 50Hertz and strongly supporting by this co-financing action 50Hertz’ plans for the further expansion of the power grid  facilitating the energy transition. In the coming five years 50Hertz is planning significant investments in grid infrastructure to ensure that 100% of the power consumption across its grid area will be covered by renewable energy by 2032.

About us

Eurogrid GmbH (Eurogrid) is an energy company based in Berlin (Germany) that invests in electric utility assets and provides support services to its customers. Eurogrid is indirectly owned and managed by Elia System Operator NV/SA (Elia), the Euronext listed Belgian transmission system operator, and...

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