The access of new energy power source makes the traditional transmission line structure become complex, and due to the influence of power electronic device control strategy, the fault characteristics have been fundamentally changed, resulting in the traditional transmission line fault localization method can not be applied to the new energy sending line. To address the above problems, this paper analyzes the transient current characteristics of different power supply faults, and learns that there are obvious differences in the transient currents on both sides of the fault point inside and outside the transmission line area, and then proposes a new energy transmission line fault localization method based on the Pearson correlation coefficient, which determines the fault location by calculating the correlation coefficients of the fault waveforms of the neighboring monitoring points. Finally, comparative experiments are carried out under different fault types and fault locations to further verify the applicability of the proposed method.