New Transmission Line Planned for New England Wind Power

A developer of electric power transmission plans to break ground in 2020 for a $100-million converter station in Plymouth, Mass. Green Line Devco LLC is developing the Green Line Maine project, a 220-mile-long, high-voltage direct-current submarine cable from Orrington, Maine, to eastern Massachusetts, delivering up to 1,200 MW of wind-generated electricity. The Plymouth station would convert the power to alternating current before connecting with the New England grid. The line is scheduled to go into service by 2021 or 2022. The total estimated project cost will be approximately $1.5 billion.

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We'll address the current state of the construction market - amid tighter lending standards, and with interest rates finally expected to decline - as we reach the halfway point of 2024. Top forecasters will share their views on the market prospects for the industry at midyear, both nationally & regionally, in the midst of these unique challenges.