Toronto-based
Transmission Developers Inc. has announced a $4 billion plan to transfer renewable energy from Canada to the United States. As reported by the
Toronto Star, the company hopes to construct "a high-voltage, direct-current transmission line" from the Quebec border through New York State and New England. The line, which would run approximately 570-kilometre would allows parts of the U.S. northeast to import wind and hydroelectric power from Quebec and Newfoundland & Labrador.
"He has the backing of the largest asset-management firm in the world. He has a former Ontario premier in his corner. He's also persistent enough to see a good idea through to its commercial climax. Local entrepreneur John Douglas is also on a roll."
"Toronto-based Transmission Developers Inc. (TDI), a company co-founded by Douglas last year, has announced a bold plan to construct a high-voltage, direct-current transmission line from the Quebec border south through New York State and New England."
"Douglas is convinced that if the United States and Canada are serious about developing renewables they'll need a lot of transmission and storage to meet their goals. "That's what really appealed to Don and me, this clear and present need for new transmission and storage," he said. "They're the building blocks for renewables."
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Toronto Star