Completion of the transaction is subject to regulatory approvals.
Under transaction terms, Bluescape has the “potential to invest significantly more capital” in Clean Line projects.
National Grid, the funds associated with ZBI Ventures, and the Houston-based Zilkha family will maintain their existing equity stakes in Clean Line.
“Bluescape’s participation allows us to move our projects to the next stage and further enhances our ability to build new infrastructure that will deliver low-cost clean energy for years to come,” says Clean Line chief executive Michael Skelly.
Bluescape’s
