Transmission

The SOO Green HVDC Link transmission project, a unique underground transmission line that will follow the route of existing Canadian Pacific railroads, moved a step further towards construction after it was approved by Iowa regulators.

A bill to streamline the US energy transmission system has been introduced by Californian politicians.

Energy management business Schneider Electric has revealed its 160,000-square-foot electrical manufacturing plant in El Paso, Texas, its largest factory in the US. The plant will produce low- to medium-voltage electrical products used to transfer power from the grid to industrial, commercial, and residential customers.

Power management company Eaton has made a $150 million investment in electrical power distribution manufacturing, bolstering its manufacturing presence in North America.

Described as “transformative legislation” and a “fantastic opportunity” the Inflation Reduction Act (IRA) has bolstered investment into US renewable energy at breakneck speed. Yet, one year on from its historic enactment many hurdles remain for financing renewables projects in the US. Chiefly, the permitting system.

I Squared Capital has sold its electric distribution business the firm owns in Guatemala to Threelands Energy.

Brazil’s National Electric Energy Agency (ANEEL) is preparing for the first transmission auction to be held in 2024.

Rialma Administração e Participações is set to win an additional transmission lot in Brazil’s June auction after the original winner was disqualified.

Power management company Eaton has invested $500 million to expand its transformer and EV charging technology manufacturing presence in North America, to aid in grid modernization and support the US energy transition.

Peru's ProInversión has granted transmission projects totaling $118 million in investments.