Germany's power grids are in dire need of upgrading

Germany's power grids are in dire need of upgrading

 THOMAS KIENZLE

The German government said Tuesday that it had acquired a stake in the local subsidiary of Dutch power grid operator TenneT, a strategic investment by Berlin in critical energy infrastructure. 

The 3.3 billion euro ($3.9 billion) acquisition of a 25.1 percent stake in the publicly owned Dutch group will help secure extra financing for much-needed upgrades of the grid in Europe's biggest economy.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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