Alliander and energy company Ørsted have signed an agreement that reduces the CO2 emissions of the grid company by around 25 percent annually. The agreement takes effect in 2021 and has a duration of fifteen years. Alliander purchases green certificates from Ørsted’s windfarm Borssele 1+2.
The shareholders of Alliander approved the appointment of two new members for the Supervisory Board. Frits Eulderink and Thessa Menssen have been appointed for a period of four years.
The electricity grid is rapidly approaching its capacity limitations. This is why Alliander is expanding the grid. In the first half of 2019, the network company stepped up investment by 17% compared to the same period in the previous year. Aside from expanding the electricity grid, Alliander has also been pursuing innovations over the past few years to use the grid more efficiently. Alliander is now launching various hydrogen pilots.
The supervisory board of Alliander has appointed Walter Bien as Chief Financial Officer (CFO) of Alliander. Walter Bien, currently working as financial director at Boskalis Dredging & Inland Infra, will join the board of Directors of Alliander on October 7.
On 24th of June Alliander successfully completed the issuance of a Green Bond. The eurobond of € 300 million size has a tenor of 13 years, an issue price of 98.628% and a coupon of 0.875% (effective yield of 0.988%). The issue was oversubscribed nearly four times. The Green Bond is listed on Euronext Amsterdam.
The Supervisory Board of Alliander has decided to add a Chief Transition Officer (CTO) to the company’s Management Board with effect from 1 April. Daan Schut, who currently serves as the network company’s Director of Asset Management, will take on the role of CTO.
In 2018 Alliander continued to invest heavily in the reinforcement and expansion of the energy networks. Execution was weighed down due to higher demand for connections to, and capacity of, the electricity grid and the shortage of qualified engineers across the Netherlands. The network company delivered a solid financial performance with a higher revenue and profit. This is evident from the annual report that was published today.
Alliander announced today that its CFO, Mark van Lieshout, has decided to pursue his career elsewhere.