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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 seatCountry2017201620172016
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.MiddelburgNetherlandsN/A100%N/A100%***
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 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.ArnhemNetherlandsN/A100%N/A100%***
TransTenneT B.V.ArnhemNetherlands100%100%100%100%*
WL Winet B.V.MaasdijkNetherlands100%100%100%100%
Relined B.V.UtrechtNetherlands100%50%100%50%
Relined GmbHEmsbürenGermany100%100%
DC Netz BorWin3 GmbHBayreuthGermany100%100%100%100%
DC Netz BorWin4 GmbHBayreuthGermanyN/A100%N/A100%***
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%100%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 Dolwin3 Beteiligungs GmbH & Co. KGBayreuthGermany51%51%39%38%**
TenneT Offshore Dolwin3 GmbH & Co. KGBayreuthGermany51%51%39%38%**
TenneT Offshore Dolwin3 Verwaltungs GmbHBayreuthGermany51%51%33%33%
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.
*** These entities merged with group entities during 2017

The consolidation includes a foundation called Stichting Beheer Doelgelden Landelijk Hoogspanningsnet. This foundation temporarily manages funds arising from the maintenance of the energy balance and auctioning of cross-border 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.