Tri Global Energy, a U.S. developer of utility-scale wind energy projects, announced the closing of project financing and start of construction for the Blue Cloud Wind Energy project with Denmark-based Copenhagen Infrastructure Partners (CIP), which will be the long-term owner and operator of the project.
Tri Global Energy’s proprietary business model, the Wind Force Plan, allows wind projects to achieve utility scale while maintaining an emphasis on local communities. The Plan encourages direct equity participation from landowners and community members in a project’s development phase.
The 148-MW wind project, located in Bailey and Lamb Counties in Texas, is comprised of 19,000 leased acres of privately owned farm land.
Tri Global Energy developed the Blue Cloud Wind Energy Project 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.
“We are very proud to develop wind projects that not only benefit the environment by creating renewable energy sources, but also the larger communities where they are located,” said John Billingsley, Chairman and CEO of Tri Global Energy.
Since founding the Blue Cloud community-sponsored wind energy project in 2013, Tri Global Energy has been a manager, member and the exclusive project developer. Since July 2016, when CIP purchased the Blue Cloud Wind Energy project, Tri Global Energy’s experienced project development team has worked closely with CIP to complete development, achieve financial closing and start construction.
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