Invenergy Acquires 231 MW Texas Wind Project From Tri Global Energy

Tri Global Energy has announced the sale of the wind development assets of the 231 MW Changing Winds project in Texas to Invenergy

Tri Global Energy, a leading wind developer in Texas and managers of the Changing Winds Renewable Energy Project, have announced the sale of the wind development assets of the Changing Winds project to Invenergy, a leading privately-held developer and operator of sustainable energy solutions.

Tri Global Energy has been the exclusive developer and a manager of Changing Winds since the wind project’s origination in 2011, using its proprietary business model, the Wind Force Plan, which allows local landowners and community investors the opportunity to partner with and have a substantial ownership in the wind project development that leased their land.

“Community-sponsored wind projects generate local participation and investment in local communities,” said John Billingsley, chairman and CEO of Tri Global.

“Through our partnerships with the local community managers and more than 180 landowners and community investors participating in the Changing Winds project, we’ve been able to work together to bring about a high level of local support and realize the many benefits that wind energy delivers to Texas and the country.”

The Changing Winds project has a nameplate of 231 megawatts (MW) and is comprised of approximately 25,000 leased acres of privately owned farm and ranch land in Castro County, Texas, about 80 miles northwest of Lubbock, Texas.

“Given the depth of experience and capability at Invenergy, we expect that Invenergy will help the Changing Winds project deliver on its promise to positively impact the local community economies through tax revenues, generate a substantial rate of return to local community investors and to generate a second source of income through wind royalties for farmers and landowners,” Billingsley said.  “We are very proud to develop wind projects that not only benefit the environment by generating renewable energy, but also support and contribute to the communities where they are located.”

In July, we reported that American Electric Power (AEP) had completed the purchase of 75 percent, or 227 MW, of the Santa Rita East wind project from Invenergy Renewables in San Angelo, Texas.