EnergyWatch

CIP and Siemens join forces in billion-dollar project

A 500 kilometer-long underground transmission cable will connect more than 2 GW from the US's windy Midwest to the country's third-largest city.

Infrastructure is a relatively broad category, and even so, Copenhagen Infrastructure Partners (CIP) now seems closer than ever to truly living up to its middle name. In partnership with Siemens Financial Services and US entrepreneur Jingoli, the Danish investment fund will take over the 562 kilometer-long transmission cable project, Soo Green Renewable Rail in the US's Midwest, reports project developer Direct Connect Development Co (DC DevCO).

From 2024, the cable will be capable of transmitting 2.1 GW from one of the US's most wind-abundant states, Iowa, to the the area around the country's third-largest city, Chicago. The project has been underway for over a decade, but local resistance to the originally proposed suspended transmission line shifted plans toward underground installation – setting the project's price up to USD 2.5 billion.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs