Plans to build an electricity transmission line linking Canada and New York City have been approved by regulators in the US.

The Department of Energy (DOE), along with other federal and state agencies, have issued the Final Environmental Impact Statement (FEIS) – giving the green light for the Champlain Hudson Power Express (CHPE) project.

The proposal includes the construction of a 333-mile subsea transmission line that will transport up to 1,000MW of renewable energy from Canada to NYC.

The $2.2 billion (£1.3bn) project is expected to reduce energy costs by $650 million (£389.6m) a year for consumers and businesses.

Donald Jessome, Transmission Developers CEO said: “The CHPE transmission line will provide clean, affordable power while minimising community and environmental impacts and it offers a creative solution to meet the energy challenges of the future.”