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Invenergy boosts Texas wind base with Tri Global project deal

The 231MW Changing Wind project in the northern Panhandle adds to the growing wind portfolio in Texas held by the nation's largest independent renewables developer

Tri Global Energy has sold development assets of its 231MW Changing Wind project in the northern Texas Panhandle to Chicago-based Invenergy, which already has a strong presence in the largest US wind state.

Tri Global, the number one renewable energy project developer in Texas, did not make financial terms of the transaction public. It has been developing the project since 2011. Invenergy is the nation's largest independent renewables player.

Changing Winds is one of various projects Tri Global has developed in the Panhandle and adjacent South Plains region under a proprietary business model it calls Wind Force Plan. This allows local landowners and community investors the opportunity to partner with and have a substantial ownership in a wind project development that leases their land.

“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,” John Billingsley, chief executive of Tri Global, said in a statement.

The region has been among the fastest-growing in the US for new wind power capacity this decade.

US wind project pipeline record 41.8GW through Q2: AWEA

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The project’s 25,000 acres (101 sq km) of privately-owned farm and ranch land about 80 miles northwest of Lubbock. The Panhandle is part of the Southwest Power Pool, which operates the bulk electric grid and wholesale power market in all or parts of 14 central states.

On 1 January, Dallas-based Tri Global had about 2.3GW of wind projects under construction and in advanced development in Texas and 100MW under construction in Nebraska, according to data compiled by the American Wind Energy Association..

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