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Tri Global Energy offloads 1,100MW Hale Community Energy wind power assets

CTBR Staff Writer Published 21 September 2015

Utility-scale wind projects developer Tri Global Energy has divested the wind development assets of Hale Community Energy to NextEra Energy Resources' subsidiary for an undisclosed amount.

Hale Community Energy's wind power portfolio includes Hale County Wind Farm, Cotton Wind Farms, Lakeview Wind Farms and East Mound Renewable Energy with a combined capacity of around 1,100MW.

It is located in the southern part of Hale County, Texas, about 50 miles north of Lubbock.

Tri Global Energy chairman and CEO John Billingsley said: "This is a visible sign of the success of our community-based business model.

"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."

The phase I of the Hale Community Energy project is expected to become operational later this year.

The 240MW phase I will be interconnected to the Briscoe County Substation that is 20 miles northeast of the project.

Tri Global said that it currently has 15 wind generation projects under development with a capacity of nearly 6,200MW of electricity.