The Atlantic Wind Connection (AWC) backbone transmission project is led by well-established independent transmission company Trans-Elect with Atlantic Grid Development as the project developer and Google, Bregal Energy, Marubeni Corporation and Elia as sponsors.
About Atlantic Grid Development
Markian Melnyk developed the AWC concept while researching “Offshore Power,” his book on offshore renewable energy. Melnyk was joined by Ken Epp and Mohamed El-Gassier, industry leaders in high-voltage direct current transmission at DC Interconnect; Elias Farrah, an expert in transmission regulation at Winston & Strawn LLP; and Robert Mitchell, Paul McCoy and Marty Walicki, principles of Trans-Elect, a successful and experienced independent transmission company. These individuals have formed Atlantic Grid Development, LLC (AGD), the project’s developer. Winston & Strawn is counsel to the project.
Since 1999, Trans-Elect, the nation’s first independent transmission company, has been a leader in several innovative projects including acquisition of 5,400 miles of transmission lines in Michigan and 7,200 miles of lines in Alberta, Canada. Trans-Elect, PG&E and the US Department of Energy’s Western Area Power Administration (WAPA) formed a partnership to build 83 miles of transmission in California for the Path 15 project that successfully overcame deficiencies contributing to the state’s 2000-01 rolling blackouts (Trans-Elect and Path 15 were awarded “Infrastructure Deal of the Year for the Americas” by Project Finance International magazine). www.trans-elect.com
About DC Interconnect
Based in Vancouver, British Columbia, DC Interconnect, Inc. (DCI) specializes in the development and systematic integration of advanced high-voltage dc (HVDC) transmission technology to facilitate access to new resources, increase transmission capacity and transfer capability in existing power grids, improve the efficiency of the operation of electricity markets and prevent regional blackouts. DCI holds a patent on the optimal integration of HVDC technology with large grids. DCI was founded by Dr. Mohamed M. El-Gasseir and H. D. Kenneth Epp in 2002. www.dcinterconnections.com
About Winston & Strawn LLP
Winston & Strawn LLP is an international law firm with nearly 1,000 attorneys among 15 offices in Beijing, Charlotte, Chicago, Geneva, Hong Kong, Houston, London, Los Angeles, Moscow, New York, Newark, Paris, San Francisco, Shanghai, and Washington, D.C. www.winston.com
About Bregal Energy
Bregal Energy (formerly known as Good Energies Capital) is a private equity fund that invests broadly across the North American energy industry. Bregal Energy’s focus includes the oil & gas E&P, midstream, power generation, renewables, transmission and related energy services sectors. Bregal Energy’s investment team has deep energy investing experience and an extensive industry network. The fund focuses on individual investments between $15 million and $75 million in both control and non-control opportunities. Bregal Energy is part of Bregal Investments. For more information, please visit www.bregalenergy.com
About Google Inc.
Google’s innovative search technologies connect millions of people around the world with information every day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google today is a top web property in all major global markets. Google’s targeted advertising program provides businesses of all sizes with measurable results, while enhancing the overall web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe and Asia. For more information, visit www.google.com
About Marubeni Corporation
Marubeni Corporation is a publicly listed trading house (“Sogo Shosha”) founded in 1858 with its principal office in Tokyo, Japan. Its divisions participate in industries ranging from power and energy to industrial machinery and transportation to foodstuffs and consumer items. Marubeni Corporation owns electric transmission and distribution assets in the Caribbean and Australia and has over 7,300MW of net power plant capacity globally, including power stations in several U.S. states. Marubeni manages its electricity sector investments in North America through Marubeni Power International, Inc., based in New York, NY. www.marubeni.com
Elia System Operator NV/SA (“Elia”) is the Belgian transmission system operator, transmitting electricity efficiently, reliably and securely from producers to distribution system operators and major industrial users. Elia is responsible for importing and exporting electricity from and to neighbouring countries. Elia owns the entire Belgian very high voltage grid (150 to 380 kV) and some 94% (ownership and user rights) of the Belgian high-voltage grid (30 to 70 kV). Elia’s grid comprises 3,485 miles of overhead lines and 1,725 miles of underground connections and is a key link between electricity markets in northern and southern Europe. It also links Belgian producers and consumers. Belgium’s recent investment in interconnection capacity with its neighbours makes it one of the most open and interconnected grids in Europe. Elia has recently expanded its activities on a broader European level and, following its acquisition of German TSO 50Hertz in cooperation with Industry Funds Management (“IFM”), is now one of the top five transmission system operators in Europe. www.elia.be