Tri Global Energy LLC has sold its Changing Winds project, a 231 MW wind farm located in the Texas Panhandle, to Invenergy.
Tri Global has been the exclusive developer and a manager of Changing Winds since the project’s origination in 2011. The company used its proprietary business model, the Wind Force Plan, which allows local landowners and community investors to partner with and have a substantial ownership in wind projects leased on their land.
“Community-sponsored wind projects generate local participation and investment in local communities,” says John Billingsley, chairman and CEO of Tri Global. “Through our partnerships with the local community managers and more than 180 landowners and community investors participating in the Changing Winds project, we’ve been able to work together to bring about a high level of local support and realize the many benefits that wind energy delivers to Texas and the country.
“Given the depth of experience and capability at Invenergy, we expect that Invenergy will help the Changing Winds project deliver on its promise to positively impact the local community economies through tax revenues, generate a substantial rate of return to local community investors, and generate a second source of income through wind royalties for farmers and landowners,” Billingsley continues. “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.”
The Changing Winds project is sited on approximately 25,000 leased acres of privately owned farm and ranch land in Castro County, Texas, which is about 80 miles northwest of Lubbock.