in News Departments > FYI
print the content item

National Grid says it will make a $40 million equity investment in Clean Line Energy Partners LLC, a developer of long-distance, high-voltage direct-current (HVDC) transmission projects that will move renewable energy to market.

Clean Line will use the proceeds from National Grid to advance the development of its four HVDC transmission projects that will connect onshore wind energy resources in the U.S. to communities and cities with demand for low-cost clean energy.

Under the terms of the transaction, National Grid will have the ability to acquire a significant ownership stake in Clean Line's HVDC projects. The funds associated with ZBI Ventures and the Houston-based Zilkha family will maintain their existing equity stakes in the company. The closing of the transaction is subject to regulatory approvals.

Clean Line’s portfolio of HVDC transmission projects currently under development include the following:

  • The Plains and Eastern Clean Line, which will move 3.5 GW of power from clean energy projects in western Oklahoma, southwestern Kansas and the Texas Panhandle to consumers in the southeastern U.S.;
  • The Grain Belt Express Clean Line, which will deliver 3.5 GW of renewable energy from Kansas to Missouri, Illinois, Indiana and points farther east;
  • The Rock Island Clean Line, which will connect 3.5 GW of renewable energy from northwestern Iowa to communities in Illinois and other states to the east; and
  • The Centennial West Clean Line, which will deliver 3.5 GW of renewable energy from northeastern New Mexico to communities in California.

National Grid built, operates and owns a majority share of the U.S. portion of a 2 GW HVDC interconnector that operates at 450 kV between New England and Canada. The company also is working with Emera Corp. on a proposal to develop the Northeast Energy Link, a proposed 230-mile, 1.1 GW DC transmission line that would deliver renewable energy from northern and eastern Maine and eastern Canada to southern New England.



Trachte Inc._id1770
Latest Top Stories

The Song Remains The Same: Ontario Seeks More Science Before Lifting Offshore Ban

The Ontario government says the nearly four-year-old offshore wind moratorium will remain in place until the province fully understands the technology’s impact on the environment.


Why States Should Adopt A Renewable Portfolio Standard

A new study analyzes the potential benefits of state renewable energy mandates, as well as recommends what such policies should include.


Sen. Reid Vows To Bring Wind PTC To A Vote By Year's End

Nevada's senior senator provides some encouragement to wind industry advocates during his annual Clean Energy Summit.


Steadily, Wind Turbine OEMs Resume R&D Investment

An increased commitment to research and development will likely lead to wind energy innovation - not to mention a likely increase in patent-protected technology.


Quebec Government Postpones Wind Power RFP; No New Date Scheduled

The request for proposals (RFP) is part of an overall 800 MW wind power tranche that will serve as a bridge to the next phase in the province's energy future.

Canwea_id1984
Renewable NRG_id1934
Future Energy_id2008
UnitedEquip_id1995