London-based
National
Grid
says
Clean
Line’s
portfolio
of
four
HVDC
projects
is
“compelling”
and
will
help
modernise
America’s
energy
infrastructure.
Clean
Line
will
use
the
proceeds
from
National
Grid
to
advance
the
development
of
the
four
transmission
projects.
Under
the
terms
of
the
transaction,
National
Grid
will
have
the
ability
to
acquire
a
significant
ownership
stake
in
Clean
Line's
HVDC
projects.
ZBI
Ventures
and
the
Houston-based
Zilkha
family
will
maintain
their
existing
equity
stakes
in
Clean
Line
itself.
The
closing
of
the
transaction
is
subject
to
regulatory
approvals.
ZBI
Ventures
is
a
wholly-owned…
