HVDC (High Voltage Direct Current) transmission lines can transmit large amounts of electricity over thousands of kilometers with minimal losses, unlike traditional AC lines. They consist of converter stations to convert between AC and DC, transformers, and transmission lines. Some key advantages are transmitting power over long distances with lower losses and connecting asynchronous grids. Challenges include high costs and potential electromagnetic interference. HVDC lines are well-suited for applications like interconnecting power grids between regions and connecting offshore wind farms to the grid due to their ability to transmit power over long distances efficiently. As renewable energy sources increase, HVDC transmission will continue growing in importance.