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

Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.

Renewable NRG_id1934
Navigant_id1983