Tri Global Energy LLC says it has entered into a joint development with Floyd County Wind Farm LLC and Westerly Wind LLC and has closed on the initial funding to form South Plains Wind Energy LLC.
The newly formed South Plains Wind Energy LLC will receive initial development funding from Westerly Wind LLC to accelerate the development of a wind project in Floyd County, Texas, that will be capable of generating up to 500 MW when it is fully developed.
The wind farm will be based on a landowner/community investor model, owned jointly by Floyd County Wind Farm LLC and Westerly Wind and managed jointly by Tri Global Energy and Westerly Wind.
The project is strategically located adjacent to the competitive renewable energy zone (CREZ) transmission lines that are now under construction and scheduled to be complete in 2013. The CREZ lines are projected to support an increase from 10 GW to more than 18 GW of installed capacity as more wind farms are added to the grid.