Tri Global Energy sells Hale Community Energy Project
Tri Global Energy, LLC, (TGE), a developer and owner of utility-scale wind projects in the US, sold the wind development assets of Hale Community Energy LLC (HCE) to a subsidiary of NextEra Energy Resources, LLC.
Tri Global Energy is the developer and a manager of Hale County Wind Farm, Cotton Wind Farms, Lakeview Wind Farms and East Mound Renewable Energy – the wind farms included in the Hale Community Energy project portfolio.
“This is a visible sign of the success of our community-based business model,” said John Billingsley, Tri Global Energy Chairman and CEO. “Our relationship with NextEra Energy Resources 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.”
Hale Community Energy is located in the southern part of Hale County, Texas, about 50 miles north of Lubbock. The project spans over 120,000 contiguous acres — about 190 square miles — of privately owned farm and ranch land from nearly 350 landowners.
TGE currently has 15 wind generation projects under development with a capacity of nearly 6,200 MW of electricity.