The addition of Belgian transmission company Elia to investors in the proposed Atlantic Wind Connection undersea grid is a significant endorsement for the project, the project’s principal Bob Mitchell said.

Atlantic Wind Connection, which wants to build a 350-mile submarine cable between Virginia and New Jersey to transmit power from offshore wind farms to the onshore grid, said on Friday that Elia would take a 10 percent equity stake in the venture. The announcement was official confirmation of involvement by the Belgian company, which has extensive experience in the European offshore wind industry. Keep reading →