The contract is part of a total €450m financing agreement signed in 2011 to support the 380kV project which includes development of three substations and a 83km link between Wateringen, 7km southwest of The Hague, and Beverwijk, 20km northwest of Amsterdam, the Netherlands.
The project’s first part, South-ring between Wateringen and Bleiswijk, has begun operations in 2013 while construction of the North-ring between Bleiswijk en Beverwijk started in 2014 and is scheduled to be completed in 2018.
Netherlands aims to develop additional offshore wind farms with a total capacity of 3,450MW by 2020.
European Investment Bank vice president Pim Van Ballekom said: "The Randstad 380 kV transmission loop will both ensure energy supply for most populated parts of the Netherlands and enable North Sea wind to supply customers across north-west Europe.
"Investment in grid infrastructure is essential for energy supply in Europe and we are pleased to have worked closely with TenneT in recent years to support new links in both the Netherlands and Germany."
TenneT CFO Otto Jager said: "With over EUR 1.2 billion of total funds committed, the EIB has proven to be a reliable and outstanding financing partner for our onshore and offshore high voltage transmission projects.
"It provides security of supply, new energy trading possibilities for third parties and facilitates renewable electricity production which is rapidly growing in and around the Netherlands."
