News from Tri Global Energy

Tri Global Energy Helps Texas Remain Wind Leader in U.S.

Tri Global Energy Helps Texas Remain Wind Leader in U.S.
Tri Global Helps Texas Remain Leader is US Wind Energy

DALLAS (May 3, 2016) -- Tri Global Energy, the utility-scale renewable energy developer with wind farm projects located in Texas and New Mexico, leads Texas as the developer on more than 40 percent of all wind energy projects currently under construction in the state, according to the Q1 2016 Market Report from the American Wind Energy Association (AWEA).

Texas accounted for 54 percent of construction with nearly 5,500 MW reported, according to AWEA’s Q1 2016 Market Report.        

“Several factors are driving this activity, including what we think is the most important – the extension of the Production Tax Credit (PTC). Predictable policy leads to increased investment and strong growth,” said John Billingsley, Chairman and CEO of Tri Global Energy. 

The U.S. wind energy industry is in the middle of near record expansion, with over 10,100 MW of total wind capacity in construction across 81 projects in 25 states, according to the AWEA report. The active construction starts in the first quarter rallied after wind generation capacity nearly doubled wind project development during the same period in 2015. 

“This scale of activity is largely due to world-class wind resources in Texas and throughout the U.S. and the success of the PTC, which incentivizes the highest possible production,” Billingsley said.

About Tri Global Energy

Tri Global Energy (TGE) is an independent renewable energy originator and developer in the U.S. The company is a leading wind developer in Texas and is among the top five in the U.S. for projects under construction. Nearly 3,500 megawatts of TGE’s development projects are either in financing, construction or operation, including wind, solar and energy storage projects.

Founded in 2009, Tri Global Energy’s mission is to improve communities through local economic development generated by originating and commercializing renewable energy projects. The company currently develops and owns utility-scale wind and solar energy projects in Texas, Nebraska, Illinois, Indiana and Virginia. Tri Global Energy is headquartered in Dallas with regional development offices in Lubbock, Texas; El Paso and Forreston, Illinois and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.