Clean Line Energy Partners is selling its non-transmission development assets, including its interests in a 600 MW wind power project and a series of wind energy and battery storage development projects to private equity firm Quantum Energy Partners.
Michael Skelly, Chairman of Clean Line Energy, said, “We continue to prove the thesis that building new infrastructure is key to getting more renewable energy to market. With the recent sale of our non-transmission assets to Quantum, as well as the sales of our Plains & Eastern project, Mesa Canyons Wind Farm, and Western Spirit project, a core team at Clean Line Energy is now solely dedicated to advancing the Grain Belt Express project.”
The announcement comes on the heels of another important milestone for Clean Line and the effort to build interstate transmission lines This month the Missouri Supreme Court unanimously ruled that the Missouri Public Service Commission has clear authority to determine the public need for transmission lines in Missouri, overturning a lower court verdict that suggested that transmission lines needed to be sited on a county by county basis.
The Court’s ruling clearly stated Missouri law “does not purport to give counties the authority to stand in the shoes of the Commission in determining whether a proposed utility project is in the public interest of the state or whether a utility should be granted a CCN.”
The Missouri Public Service Commission previously determined that the Grain Belt Express is in the State’s best interest because it would save Missourians more than $10 million annually on their electric bills, create thousands of jobs, and provide millions in taxes to local communities into perpetuity. Clean Line is now turning its efforts to expediting approval from the Missouri Public Service Commission of this infrastructure project so that Missouri can realize these benefits as soon as possible.