Ridgewood Private Equity Partners makes USD100m investment in Neptune Regional Transmission System
Ridgewood Private Equity Partners (RPEP) has made an investment of approximately USD100 million in the Neptune Regional Transmission System (Neptune), a 65-mile submarine power transmission cable connecting New Jersey and Long Island. Neptune has capacity of 660-Megawatt high-voltage direct-current that is fully contracted with the Long Island Power Authority (LIPA)