in News Departments > Projects & Contracts
print the content item

JCM Capital, a Canada-based private equity firm, has closed development financing for the Lake Erie CleanPower Connector, an underwater high-voltage direct-current (HVDC) transmission project designed to connect Ontario to Pennsylvania.

Lake Erie Power Corp. (LEPC), an independent energy transmission developer, announced the project plans earlier this month. According to LEPC, the transmission project would bring hydro, wind, solar, natural gas and nuclear energy to the PJM grid, which supplies electricity to 13 states and the District of Columbia.

The privately funded project is estimated to cost $1 billion, and following regulatory approvals, LEPC is aiming to commission it by the end of 2017.

“JCM Capital is excited and proud to be financing and providing co-development services for this early-stage and high-profile HVDC transmission project between Canada and the United States," comments Martin Ritchie, JCM Capital's chief financial officer.






Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015