Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe

Tri Global Energy announces sale of 380-MW Texas wind project

By Michelle Froese | June 15, 2017

Tri Global Energy, an originator and developer of community sponsored, utility-scale wind energy projects, announced the close of a transaction with TERNA ENERGY, a member of GEK TERNA Group of Companies. The sale includes the acquisition, construction and operation of the Fluvanna Wind Energy Project, a 380-MW wind project located in Fluvanna, Texas.

Tri Global Turbines

The 380-MW Fluvanna Wind Energy Project is expected to be constructed in phases, with the first phase operational in 2017.

Comprised of nearly 32,000 leased acres of privately owned farm and ranch-land, the Fluvanna wind farm is expected to generate enough electricity to supply 110,200 homes, depending on homeowner energy use.

Since founding Fluvanna Renewable Energy in March 2011, Tri Global Energy has been a manager, member, and the exclusive project developer.

“This is a visible sign of the power behind our community-based business model,” said John Billingsley, Tri Global Energy Chairman and CEO.

“Our relationship with TERNA ENERGY 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,” he added.

TERNA ENERGY, based in Athens, Greece, is a developer, owner and operator of 885 MW of renewable energy projects in operation or under construction in Europe and the U.S.

“Community-sponsored wind projects have been shown to create more jobs and greater local economic benefit,” said Billingsley. “Through our partnerships with the community managers and more than 130 landowners and community investors participating in the Fluvanna project, we’ve been able to work together to bring about a high level of local support and attention for wind energy.”

The Fluvanna Wind Energy Project was developed under Tri Global Energy’s 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.

As a founder and developer of the Fluvanna project, Tri Global Energy evaluated the potential of the site, considering the wind resource quality, ability to obtain permits, access to transmission, impact on the surrounding environment and consistency with current land uses and constructability.

“We develop quality projects by leveraging third-party expertise that is highly regarded in the renewable industry, assuring our projects are readily financed by the power producers and other leading energy investment institutions in the U.S.,” Billingsley continued.

The measured wind speeds and capacity at the Fluvanna Wind Energy are among the best in the world, according to Tri Global Energy. Once the project achieves commercial operation, it will use the ERCOT (Electricity Reliability Council of Texas) CREZ (Competitive Renewable Energy Zone) transmission system.

Under the terms of the agreement, Tri Global Energy will work with TERNA ENERGY during the construction phase, up to the time when the project reaches commercial operation.

“This is a growth opportunity for our company and an exciting time for all parties involved,” he concluded. “We appreciate the relationship we’ve developed with TERNA, and we know TERNA ENERGY appreciates the local resources and is looking forward to becoming a part of the Fluvanna community.”


Filed Under: News, Projects
Tagged With: ternaenergy, triglobalenergy
 

About The Author

Michelle Froese

Related Articles Read More >

US government allows Empire Wind offshore project to resume construction
Overlooked and underleveraged: Why ‘lite repowering’ is wind energy’s best near-term bet
79 aging wind turbines brought back online throughout Texas panhandle
Data center signs 166-MW PPA with Las Majadas Wind in Texas

Podcasts

Wind Spotlight: Looking back at a year of Thrive with ZF Wind Power
See More >

Windpower Engineering & Development Digital Edition Archive

Digital Edition

Explore the full archive of digital issues of Windpower Engineering & Development, presented in a high-quality, user-friendly format. Access current and past editions, clip, share, and download valuable content from the industry’s leading wind power engineering resource.

Windpower Engineering & Development
  • Wind Articles
  • Solar Power World
  • Subscribe to Windpower Engineering
  • About Us/Contact Us

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising

Search Windpower Engineering & Development

  • Home
  • Articles
    • Most recent posts
    • News
    • Featured
  • Resources
    • Digital issues
    • Podcasts
    • Suppliers
    • Webinars
    • Events
  • Videos
  • 2025 Leadership
    • 2024 Winners
    • 2023 Winners
    • 2022 Winners
  • Magazine
  • Advertise
  • Subscribe