[ exact phrase in "" • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

National Grid invests $40M in wind energy network across states including Oklahoma  

Credit:  Original Print Headline: British firm invests in Clean Line | By Staff and Wire reports | 11/28/2012 | www.tulsaworld.com ~~

National Grid Plc, which manages electricity networks in Great Britain and three Northeast states in the U.S., has invested $40 million in Clean Line Energy Partners LLC to help the company build power lines for inland wind farms.

Clean Line plans to use the funding to develop four projects that will deliver 14,000 megawatts of wind power generated in Oklahoma, Kansas, Texas, Iowa and New Mexico to consumers in other states, National Grid said Tuesday in a statement.

Clean Line executives have met with Oklahoma landowners this fall as the company plans a transmission line route from western Oklahoma wind farms to Tennessee Valley Authority facilities near Memphis.

Closely held Clean Line develops high-voltage direct current transmission systems, which are more efficient than alternating current systems that move power with more electrical losses, according to the Houston-based company’s website. It wants to deliver power from some of the windiest areas of the U.S. to cities that don’t have access to the clean energy due to a lack of transmission.

“Clean Line has a strong and capable development team and a portfolio of compelling projects that will advance the growth of renewable energy and the modernization of America’s energy infrastructure,” said National Grid CEO Steve Holliday.

Under the transaction’s terms, National Grid will be able to acquire “a significant ownership stake” in Clean Line’s HVDC projects, according to the statement. Clean Line’s other backers, Ziff Brothers Investments and the Zilkha family, will retain their existing equity stakes in the company.

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 United States to communities and cities with demand for low-cost, clean power.

“We continue to make steady progress on the development of our four long-distance HVDC transmission projects and National Grid’s participation in Clean Line will further enhance our technical, financial, and development capabilities,” said Michael Skelly, president of Clean Line.

Source:  Original Print Headline: British firm invests in Clean Line | By Staff and Wire reports | 11/28/2012 | www.tulsaworld.com

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.