Prysmian Group Secures $900 Million US Clean Energy Project Contract albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Prysmian wins $900m US clean energy project contract
MILAN, 14 hours, 5 minutes ago Prysmian Group, a global leader in the energy and telecom cable system industry, has secured a $900 million contract for SOO Green HVDC Link Project, considered the first link in a national clean energy grid, that will connect two of the largest energy markets in the US. Owned by investment funds managed by Copenhagen Infrastructure Partners, Siemens Energy, and Jingoli Power, SOO Green HVDC will be responsible for the 2,100-megawatt interregional project. By linking the Midwest Independent System Operator (MISO) serving the central US, to the eastern PJM Interconnection, SOO Green will deliver abundant, low-cost renewable energy to population centers from Chicago to the mid-Atlantic region.
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Heavy Push by Industry, Biden Administration to Jumpstart Transmission Expansion, Grid Modernization
Bolstering the Biden administration’s recently announced initiatives to modernize the nation’s grid and improve its resilience, the Department of Energy (DOE) on April 27 made up to $8.25 billion in loans available to expand transmission capacity nationwide, while the Department of Transportation (DOT) offered new guidance to help speed the siting and permitting of transmission lines.