Germany's Copenhagen Infrastructure Partners and Danish renewables fund Siemens have backed Direct Connect Development's $2.5bn, 2.1 GW SOO Green Renewable Rail project. It plans to run an underground direct transmission line from Mason City in Iowa, where the large number of wind farms has pushed prices down, to a substation in Illinois. Despite using an existing railroad right-of-way to minimise disruption, Direct Connect could still be denied the requisite permits, preventing it from hitting its scheduled 2025 completion date.
Germany's Siemens and Danish renewables fund Copenhagen Infrastructure Partners have backed Direct Connect Development's $2.5bn, 2.1 GW SOO Green Renewable Rail project. It plans to run an underground direct transmission line from Mason City in Iowa, where the large number of wind farms has pushed prices down, to a substation in Illinois. Despite using an existing railroad right-of-way to minimise disruption, Direct Connect could still be denied the requisite permits, preventing it from hitting its scheduled 2025 completion date.