Offshore related provisions and risks
TenneT TSO Germany is in various stages of the construction of offshore grid connections and related undersea cabling and landside stations to connect offshore wind farms to the onshore high voltage grid. The engineering, procurement and construction of these platforms is very complex, performed for the first time in projects of this size and the German legal framework requires TenneT TSO Germany to construct the offshore grid connections nearly simultaneously. During 2014, 11 of these connections are under construction. The liabilities resulting from delays or lost connection days, asset retirement obligations and specific and project related risks have led to the recognition of significant provision balances in the financial statements.