Tri Global Energy and Leeward Renewable Energy Finalize Deal for Indiana Renewable Energy Projects
Tri Global Energy | June 03, 2021
Tri Global Energy, a leading originator, and developer of utility-scale renewable energy projects, has announced an agreement to sell two renewable energy projects – a wind and a solar project -- in Blackford County, Indiana, to leeward Renewable Energy, a premier owner/operator with a portfolio of approximately 2,000 MW of generating capacity from renewable sources.
Both projects were originated by Tri Global Energy (TGE) in 2019. Blackford Wind will deliver up to 200 MW, and Blackford Solar will be qualified for up to 150 MW. The projects combined are expected to produce enough energy to power more than 80,000 homes.
TGE and Leeward Renewable Energy will work with the county, state, and federal authorities to secure the requisite permits and bring the two projects into construction, with operations projected to commence as early as 2023.
This is the second deal between Tri Global Energy and Leeward Renewable Energy. The two companies announced a transaction involving two of Tri Global Energy's original Indiana projects in White County (180 MW Hoosier Line Wind and 400 MW Honey Creek Solar) in April.
Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc. and Altius Renewable Royalties Corp., is providing royalty financing in support of Tri Global Energy, completing and funding this project development through the start of construction.
About Tri Global Energy
We are developers of sustainable energy. Tri Global Energy's mission is to enhance communities through local economic development generated by originating and commercializing renewable energy and storage projects. The company currently designs and develops utility-scale wind, solar, and energy storage projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania, and Virginia. Tri Global Energy's headquarters is in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford City, Indiana.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$105 billion in net assets.