United States

United States

Texas transmission firm buys New Mexico wind link developer

UNITED STATES: The company building major transmission links in Texas yesterday announced its acquisition of a firm jointly developing a link to export wind generated electricity out of New Mexico.

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Clean Line Energy Partners is responsible for several wind-related grid upgrades in Texas, including the Plains and Eastern Clean Line, a 3.5GW 750-mile high voltage direct current transmission line connecting northern Texas with markets in the mid-south/southeastern US.

Clean Line Energy announced it was acquiring Power Network New Mexico, which together with the state-owned New Mexico Renewable Energy Transmission Authority (RETA) is jointly developing the Power Network transmission project.

The Power Network, which is also referred to as the Central New Mexico Collector System, is a proposed 200-mile, 345 kilovolt alternating current transmission line with a 1.5GW capacity.

The grid link is specifically designed to take renewable power from east-central New Mexico and deliver it to markets in the western United States.

The project is separate, but complements another of Clean Line Energy's larger transmission projects, called the Centennial West Clean Line project. This 3.5GW link will transfer renewable electricity generated in New Mexico and Arizona to California.

Late last year Clean Line Energy secured a $40 million investment by National Grid. The firm's newly acquired Power Network project is estimated to bring new investment of over $2 billion in renewable generation and transmission to New Mexico.

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