VERMONT GREEN LINE HOST COMMUNITY BOOSTS SUPPORT FOR THE PROJECT

New Haven, VT Residents Approve Renewable Energy Transmission Project

Wakefield and Waltham, Mass. — The town of New Haven, VT has expressed overwhelming support for the Vermont Green Line renewable energy transmission project.

Residents of New Haven responded to a week-long, town-wide survey almost two-to-one (252-128) in favor of hosting a converter station for the Vermont Green Line in the town, and in support of an agreement the selectboard made with project developers Anbaric Transmission and National Grid. The converter station is one of two facilities for the submerged and buried transmission cable project, which would bring 400 megawatts of onshore wind and hydropower resources from upstate New York and to the New England grid.

“The New Haven survey result is a win-win for the region. Vermont Green Line’s combination of wind and hydro power, a minimally intrusive project design and a collaborative approach with host communities will add clean energy to the region and provide benefits to communities where the project is located,” said Ed Krapels, CEO of Anbaric.

"We are thrilled with the outcome of the survey," said Joe Rossignoli, director, US Business Development for National Grid. "The Vermont Green Line is a great project for New England and for the town of New Haven. The outcome of this survey is the result of tremendous collaboration with the town and marks a significant step forward in helping New England transition to a clean energy future.”

Anbaric and National Grid have been working with the town since August 2015 to build a framework for a partnership that would result in the underground transmission line and converter station being built in New Haven.

The agreement will deliver significant benefits to New Haven in the form of direct payments, commitments related to sound limits and provisions for abutters to the converter station.

The proposed Vermont Green Line is a 60-mile underground and underwater high-voltage direct current transmission project that will interconnect with the existing power grid at a new converter station in Beekmantown, New York. The cable would travel under Lake Champlain, and connect to another new converter station in New Haven, Vermont. All land cables will be underground.

About Anbaric

Anbaric, headquartered in Wakefield, Massachusetts, has a track record of leadership in developing competitively selected High Voltage Direct Current (HVDC) transmission projects in New York. Anbaric’s corporate mission is to develop innovative, large electric infrastructure projects. As a developer, Anbaric invests in projects that will have long life spans, the foremost being electric transmission assets. Anbaric is also developing a series of large microgrids, known too as distributed energy systems. For more information, please visit www.anbaric.com.