Tri Global Energy LLC on Sept. 18 announced the sale of the wind development assets of Hale Community Energy LLC to a subsidiary of NextEra Energy Resources LLC.
Tri Global Energy is the developer and a manager of Hale County Wind Farm, Cotton Wind Farms, Lakeview Wind Farms and East Mound Renewable Energy, which are the wind farms included in the Hale Community Energy project portfolio.
“This is a visible sign of the success of our community-based business model,” said John Billingsley, Tri Global Energy Chairman and CEO. “Our relationship with NextEra Energy Resources will help us deliver on our promise to positively impact the projects’ host community economies through employment opportunities and tax revenues; generate a substantial rate of return to local community investors; and to generate a second source of income in the form of wind royalties for farmers and landowners.”
Hale Community Energy is located in the southern part of Hale County, Texas, about 50 miles north of Lubbock. The project spans over 120,000 contiguous acres – about 190 square miles – of privately owned farm and ranch land from nearly 350 landowners.
TGE currently has 15 wind generation projects under development with a capacity of nearly 6,200 MW.
Tri Global Energy renewable energy company in the U.S. that develops clean energy by establishing wind and solar power projects. Based in Dallas, it develops and owns utility-scale wind projects in Texas and New Mexico capable of generating nearly 6,200 MW. Through its proprietary “Wind Force Plan” business model, TGE allows landowners and communities to partner with and share ownership in wind energy projects. TGE’s solar operations provide solar energy solutions, and its solar management team have developed, financed, engineered, constructed and operated over 1,000 solar projects for utilities, large corporations, schools and churches, municipalities and residences.