Dallas (Dec. 17, 2019) – Tri Global Energy, a leading originator and developer of utility-scale renewable energy projects, today announced the sale of an Illinois wind energy project, Woodford Wind Energy, to Copenhagen Infrastructure Partners (CIP), the Denmark-based renewable energy specialist focused on clean energy infrastructure.
The Illinois wind project, which is the first wind project developed and sold by Tri Global Energy in Illinois, has applied for two separate phases of interconnection – each phase for up to 400 MW of capacity -- in the PJM system.
“This transaction highlights our recent momentum and growth as a developer and further positions Tri Global Energy for continued leadership on clean energy solutions,” said John Billingsley, Tri Global Energy chairman and CEO.
“We look forward to supporting CIP through the Woodford project’s commencement of operations and to expanding our development activities in Illinois and within the PJM interconnection region,” Billingsley said.
Comprised of 31,000 leased acres in the Central Illinois county of Woodford involving over 300 land and homeowners, Woodford Wind Energy will be owned and operated by CIP’s U.S. subsidiary, Woodford Wind, U.S., Inc. Construction of the initial phase of the wind energy project is targeted to begin in January 2021 with the project’s commercial operations expected to commence by the end of the year.
“This is the third project launched via a partnership between Tri Global Energy and CIP. The two companies have already constructed over 500 MWs of wind energy projects,” said Henrik Tordrup, Partner at CIP. “We look forward to our continuing ownership and operating role by expanding our U.S. portfolio of high-quality clean energy projects such as Woodford Wind Energy.”
Since founding the Woodford Wind Energy project in 2018, Tri Global Energy has been the lead project developer. Great Bay Renewables, a subsidiary of Altius Renewable Royalties, is providing royalty financing in support of Tri Global Energy completing project development through the start of construction. Tri Global Energy collaborated with local project developers Americlean Energy Group and Freedom Wind.
For Tri Global Energy, the close of this transaction follows recent announcements of three Texas wind energy projects: the sale of Changing Winds Renewable Energy and Canyon Wind projects (totaling 591 MW) and the start of operations of the 158 MW Gopher Creek Wind Energy project, capping off the company’s 10th anniversary year.