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7.4 Consolidated subsidiaries

The following legal entities are included in the consolidation of TenneT Holding B.V:

Voting interestEconomic interest
SubsidiaryLegal seatCountry2016201520162015
B.V. Transportnet Zuid-HollandVoorburgNetherlands100%100%100%100%*
CertiQ B.V.ArnhemNetherlands100%100%100%100%
Duvekot Rentmeesters B.V.BathmenNetherlands100%100%100%100%
HS Netten Zeeland B.V.MiddelburgNetherlands100%100%100%100%*
Nadine Netwerk B.V.ArnhemNetherlands100%100%100%100%*
NLink International B.V.ArnhemNetherlands100%100%100%100%*
NOVEC B.V.The HagueNetherlands100%100%100%100%
Omroepmasten B.V.VianenNetherlands100%100%100%100%
Saranne B.V.ArnhemNetherlands100%100%100%100%*
Stichting Beheer Doelgelden Landelijk HoogspanningsnetArnhemNetherlandsN/AN/AN/AN/A
TenneT Blue B.V.ArnhemNetherlands-100%-100%*
TenneT Duitsland Coöperatief U.A.ArnhemNetherlands100%100%100%100%*
Tennet Green B.V.ArnhemNetherlands100%100%100%100%*
TenneT Orange B.V.ArnhemNetherlands100%100%100%100%
TenneT TSO B.V.ArnhemNetherlands100%100%100%100%
TenneT TSO Duitsland B.V.ArnhemNetherlands100%100%100%100%*
TenneT TSO E B.V.ArnhemNetherlands100%100%100%100%*
TransTenneT B.V.ArnhemNetherlands100%100%100%100%*
WL Winet B.V.MaasdijkNetherlands100%100%100%100%
DC Netz BorWin3 GmbHBayreuthGermany100%100%100%100%
DC Netz BorWin4 GmbHBayreuthGermany100%100%100%100%
DC Netz DolWin4 GmbHBayreuthGermany100%100%100%100%
DC Netz GmbHBayreuthGermany100%100%100%100%
DC Netz HelWin1 GmbHBayreuthGermany100%100%100%100%
DC Netz SylWin2 GmbHBayreuthGermany100%100%100%100%
NOVEC GmbHEmsbürenGermany100%-100%-
TenneT GmbH & Co. KGBayreuthGermany100%100%100%100%**
TenneT Offshore 1. Beteiligungsgesellschaft mbHBayreuthGermany51%51%31%31%
TenneT Offshore 2. Beteiligungsgesellschaft mbHBayreuthGermany51%51%31%31%
TenneT Offshore 4. Beteiligungsgesellschaft mbHBayreuthGermany100%100%100%100%
TenneT Offshore 7. Beteiligungsgesellschaft mbHBayreuthGermany100%100%100%100%
TenneT Offshore 8. Beteiligungsgesellschaft mbHBayreuthGermany51%51%37%37%
TenneT Offshore 9. Beteiligungsgesellschaft mbHBayreuthGermany51%51%37%37%
TenneT Offshore Dolwin 3 Beteiligungs GmbH & Co. KGBayreuthGermany51%51%38%38%**
TenneT Offshore Dolwin 3 GmbH & Co. KGBayreuthGermany51%51%38%38%**
TenneT Offshore Dolwin 3 Verwaltungs GmbHBayreuthGermany51%51%33%38%
TenneT Offshore GmbHBayreuthGermany100%100%100%100%
TenneT TSO GmbHBayreuthGermany100%100%100%100%
TenneT Verwaltungs GmbHBayreuthGermany100%100%100%100%
WL Winet GmbHEmsbürenGermany100%100%100%100%

* For these companies TenneT has issued a declaration of liability as referred to in Book 2, Part 9, Section 403 of the Netherlands Civil Code.
** This company, which has been consolidated in these financial statements, has opted for the exemption of Section 264b of the German Commercial Code.

The consolidation includes the foundation Stichting Beheer Doelgelden Landelijk Hoogspanningsnet. The foundation temporarily manages funds arising from the maintenance of the energy balance and auctioning of capacity by TenneT TSO B.V. We can exercise direct control over its management and financial and operational policies, consequently the foundation is included in the consolidation of the Group.