Alstom has signed a deal with Tri Global Energy LLC to supply four ECO110 and 25 ECO122 wind turbines and provide 10 years of service and maintenance for the 80 MW Fiber Winds Energy project, located near Lorenzo and Ralls, Texas.
Following a financial closing, construction of the project is expected to begin in mid-year 2014, with commercial operations scheduled to commence in 2015. Tri Global Energy recently acquired 100% ownership of Fiber Winds Energy and intends to be the plant operator.
"During the first 30 years following the commencement of commercial operations, Fiber Winds Energy is expected to pay $39 million in wind royalties to local landowners and community investors," says John B. Billingsley, CEO of Tri Global Energy. "It is also projected to pay $15 million in local school, county and hospital ad valorem taxes during this same period."
The companies note that this agreement, achieved prior to Dec. 31, 2013, allows Fiber Winds Energy to meet the "safe harbor" provision for the production tax credit.