DALLAS, June 2, 2021 /PRNewswire/ -- Tri Global
Energy, a leading originator and developer of utility-scale
renewable energy projects, has announced an agreement to sell two
renewable energy projects – a wind and a solar project -- in
Blackford County, Indiana to
Leeward Renewable Energy, a premier owner/operator with a portfolio
of approximately 2,000 MW of generating capacity from renewable
sources.
"Tri Global Energy continues to drive the energy transition," says
John Billingsley, Chairman and CEO
of TGE.
Tri Global Energy's Chairman and CEO, John Billingsley, notes that the two projects
have the potential to materially add to the renewable energy
infrastructure in the region. "Tri Global Energy continues to
drive the energy transition with renewable projects like these in
Blackford County. We look forward to working cooperatively
with representatives of the county, our participating landowners
and our partners to make this significant investment in the
community."
Both projects were originated by Tri Global Energy (TGE) in
2019. Blackford Wind will be
capable of delivering up to 200 MW and Blackford Solar will be capable of up to 150 MW.
The projects combined are expected to produce enough energy to
power more than 80,000 homes.
TGE and Leeward Renewable Energy will work with the county,
state, and federal authorities to secure the requisite permits and
bring the two projects into construction, with operations projected
to commence as early as 2023.
"Projects of this scope demand world-class expertise and
resources, and that's why we consider Leeward Renewable Energy an
outstanding partner going forward," Billingsley said.
This is the second deal between Tri Global Energy and Leeward
Renewable Energy. The two companies announced a transaction
involving two of Tri Global Energy's original Indiana projects in White County (180 MW Hoosier Line Wind and 400
MW Honey Creek Solar) in April.
"The acquisition of these quality projects is a great complement
to Leeward's growing portfolio of high-quality wind and solar
assets. Leeward is dedicated to responsible energy
development, while also providing economic benefits and clean,
affordable power to the local community," said Andrew Flanagan, Chief Development Officer of
Leeward. "Tri Global Energy is a great partner and we look forward
to continuing our strong relationship in the future."
Great Bay Renewables, a joint venture company between certain
funds managed by affiliates of Apollo Global Management, Inc. and
Altius Renewable Royalties Corp. (TSX: ARR), is providing royalty
financing in support of Tri Global Energy completing and funding
this project development through the start of
construction.
About Tri Global Energy
We are developers of sustainable energy. Tri Global
Energy's mission is to improve communities through local economic
development generated by originating and commercializing renewable
energy and storage projects. The company currently originates
and develops utility-scale wind, solar and energy storage projects
in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia.
Tri Global Energy's headquarters is in Dallas with
regional development offices in Lubbock, Texas; El
Paso and Forreston, Illinois;
and Reynolds and Hartford City, Indiana. For
more information, visit www.triglobalenergy.com.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company
that owns and operates a portfolio of 22 renewable energy
facilities across nine states totaling approximately 2,000
megawatts of generating capacity. Leeward is actively developing
new wind, solar, and energy storage projects in energy markets
across the U.S., with 17 gigawatts under development spanning over
100 projects. Leeward is a portfolio company of OMERS
Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans
with C$105 billion in net assets (as
at December 31, 2020). For more
information, visit www.leewardenergy.com.
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SOURCE Tri Global Energy