United States

United States

Texas 378-mile transmission line secures funding

UNITED STATES: Plans to build a transmission line connecting the wind-rich west of Texas with the rest of the state have received a boost after the project received $500 million in loans.

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The Wind Energy Transmission Texas (WETT) consortium, made up of Brookfield Asset Management and Isolux Corsan Concesiones, has financing in place for a 378-mile transmission line and five 345kV substations.

The line will connect projects in the west with more populous areas in the east of the state. WETT was awarded the contract by the Texas Public Utilities Commission with the aim of completing the project in 2013.

The line will allow Texas to expand its transmission ready wind capacity from 10GW to 18GW.

WETT said the $500 million was provided by a consortium of financial institutions. It was unable to name what companies were involved in the deal.

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