Leading Renewable Energy Developer Tri Global Energy Acquired by Enbridge

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One of the leading developers of renewable energy in the USA, Tri Global Energy has completed its acquisition by Enbridge, Canada’s largest energy company. The official statement of Tri Global Energy further has confirmed this.

In the process, Lazard served as lead financial advisor to Tri Global Energy, and Haynes and Boone served as outside counsel. Enbridge, which is headquartered in Alberta, Canada, is a pipeline company, which transports crude oil, natural gas and natural gas liquids. The company owns the longest of the pipelines in North America.

The company held that for the second quarter of 2022, the American Clean Power Association (ACP) ranked Tri Global Energy as number 10 in the USA for overall renewable energy development that includes onshore and offshore wind, solar, and battery storage projects. It also ranked it number three for onshore wind development nationally and number one for onshore wind development in Texas, one of the world’s largest producers of wind energy. ACP includes projects both under construction and in advanced development.

Tri Global Energy was founded in 2009. Since then, the company has developed 8.7 GW of power from 37 total projects in seven states – Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia and Wyoming. It has originated, developed and sold multiple projects to leading renewable equity partners such as NextEra, Copenhagen Infrastructure Partners and Engie. This includes 10 Texas wind projects, which are now in commercial operation.

For more than a decade, the company has been the largest developer of wind energy projects currently under construction in Texas, the nation’s leader in wind capacity.

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“When we established TGE, we had a vision of creating a better way to develop wind energy projects. This proved to be what the industry needed to help accelerate the transition to renewable energy in the U.S.,” said John B. Billingsley, Tri Global Energy Founder, Chairman and CEO.

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He added, “Today Tri Global Energy is a leader in clean energy with a highly talented and experienced team. Our current opportunity with Enbridge allows for continued robust growth to meet the challenge of our lifetime – the transition to a low-carbon economy.”