A$2.5-billion power transmission project to carry Midwest renewable energy to East Coast markets—once considered an industry joke—now has the backing of two large energy investors, Siemens AG and Copenhagen Infrastructure Projects (CIP). The U.S. Fish & Wildlife Service calls it “precisely the kind [of project] the U.S. needs to build out.”
Jingoli Power, construction manager and a partial owner, has supported the SOO Green Renewable Rail project for seven years, says CEO Karl Miller. “I’ve gone into a lot of meetings where people said, ‘You guys are crazy,’ ” he says.