Trade Group’s Report Shows Record-Breaking Gains in Wind
Capacity and Generation
DALLAS (July 22, 2016) -- Tri Global Energy, the utility-scale renewable energy developer with wind projects located in Texas and New Mexico, remains the leading developer of wind energy projects in Texas, according to the second quarter 2016 Market Report from the America Wind Energy Association (AWEA).
“Overwhelmingly, all Americans want clean energy.” said John Billingsley, Tri Global Energy CEO. “Increasing renewable energy -- both wind and solar power -- in the U.S. is in our country’s long-term interest.”
With over 2,200 megawatts (MW) of wind generation projects currently under construction in Texas, TGE’s wind projects represent nearly a third of all wind power projects currently being developed in the state and about a quarter of all wind projects now under development nationally.
The AWEA Market Report comes out on the heels of an acquisition Tri Global Energy just completed with Danish fund manager, Copenhagen Infrastructure Partners. TGE sold two of its West Texas wind projects: 366 MW BearKat Renewable Energy in Glasscock County and 150 MW Blue Cloud Renewable Energy in Bailey and Lamb Counties. Both wind projects are late-stage development assets with Production Tax Credit qualifications in hand. TGE will continue as the developer through financial close for both projects.
“The market for renewable energy is thriving,” said Billingsley. “The energy evolution is happening right now – in Texas and across America – accelerating our nation’s overall shift to clean energy.”
Texas continues to lead the U.S. with over 17,700 MW of installed wind capacity and hosts 42 percent of total wind power projects under construction, the highest level of any state. Texas also generates the most electricity from wind energy – about 23.5 percent of the total wind generation in the U.S., according to AWEA.