News from Tri Global Energy

Tri Global Energy Sells 360 MW Texas Wind Project to Silverpeak

Tri Global Energy Sells 360 MW Texas Wind Project to Silverpeak

DALLAS (Oct. 1, 2019) -- Tri Global Energy, the leading wind developer in Texas and dominant in the U.S., has reached an agreement to sell the 360 MW Canyon Wind project to Silverpeak, an alternative investment firm focused on real estate, energy and credit.

Originated by Tri Global Energy through its proprietary community sponsorship business model, the Wind Force Plan, the Canyon Wind project occupies over 38,000 acres of flat farm and ranch land with nearly 150 participating landowners.  Tri Global will maintain its role as lead developer through project financing and construction.

“Among West Texas’ greatest assets are world-class wind and the many benefits wind energy brings to the region. We are excited about reaching this new milestone for our Canyon Wind energy project,” said John Billingsley, Chairman and CEO of Tri Global Energy.  “We look forward to an active partnership with Silverpeak. Texas continues to be a great place to do business for the development of the growing clean energy pipeline.”

“It is a pleasure to partner with Tri Global, an experienced renewable energy developer that has already brought value to the project,” said Santosh Raikar, Silverpeak Managing Partner and Head of Silverpeak’s Renewables group. “We are particularly excited about this development being situated on the ‘right’ – or eastern – side of ERCOT West, which is devoid of transmission congestion that could affect the pricing and return for producing reliable, economical, and eco-friendly electric power.”

About Silverpeak

Silverpeak is an alternative investment management firm focused on creating long-term value in three specific sectors: real estate, energy, and credit. The firm’s sector-focused platform includes more than 100 employees who have invested in over $18 billion in gross asset value since the firm’s founding in 2010. Further information is available at https://www.silverpeak.com/.

MEDIA CONTACT:
Susie Lomelino
slomelino@triglobalenergy.com

About Tri Global Energy

Tri Global Energy is an independent utility-scale renewable energy originator and developer in the U.S.  The company is the leading wind developer in Texas and among the top five leading wind developers in the U.S.  Over 3,000 MW of Tri Global's development projects are either in financing, construction or operation.

Founded in 2009, Tri Global Energy's mission is to improve communities through local economic development generated by developing 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 is headquartered in Dallas with regional offices in Lubbock, Texas; El Paso and Forreston, Illinois and Hartford City, Indiana.  For more information, visit www.triglobalenergy.com.