The Vermont Green Line is a proposed electric transmission line running from Beekmantown, New York to New Haven, Vermont that positions the Green Mountain State, as well as the rest of New England, to secure affordable renewable power, and move substantially down the path to a carbon-free future.
The New England states have collectively committed to meeting an increasing share of their electricity needs with renewable energy sources. Each year this need grows by the equivalent of 400-500 MW of new wind farm capacity, however, siting difficulties and transmission constraints are making it increasingly difficult to meet this need from resources located within New England. The Vermont Green Line will enable the cost effective delivery of renewable power to New England from northern New York, where resources are similarly bottle-necked by intrastate transmission constraints.
In January 2017, National Grid, Anbaric, and Citizens Energy, announced the conversion of National Grid’s and Citizen’s development loans to an equity investment in the Vermont Green Line Project.
National Grid will assume primary responsibility for developing the project and Citizens Energy will continue to be an investor and assist in development. The development agreement among the three parties was structured to enable conversion of ownership to National Grid and Citizens Energy after completion of the initial stages of development. This move reflects the investors’ confidence in the project’s success.