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

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

WomenofWind_id
UEA_id1896
JLG_id1900
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886