News from Tri Global Energy

Tri Global qualifies 1.52GW for PTC

Tri Global qualifies 1.52GW for PTC

Tri GlobalEnergy has qualified 1.52GW of generation capacity at seven planned community-based wind projects in Texas for the federal production tax credit (PTC), the Dallas-based developer tells Recharge.

The incentive expired at the end of 2013. Still, projects were able to qualify benefitting from the provision that allows work of a "significant nature," and 5% of their cost to have been incurred  by 31 December 2013. Thereafter, a project is required to show "continuous construction."

Most projects that did qualify will be built this year and in 2015, with the balance expected to get done in 2016.

Tri Global says FTC-qualified capacity is less than planned capacity at six of the seven wind farms. The company has more than 640,000 acres (2,590sq km) of land in West Texas and the state's Panhandle  region under lease.

The first project to be built is Fiber Winds Energy, with all80MW FTC-qualified. It will utilize Alstom 2.7MW and 3MW turbines. It is located near Lubbock, which is south of Amarillo where Alstom has a nacelle production plant.

Tri Global says it has not decided on a turbine supplier for the other six projects as follows: Bearkat Renewable Energy Project: 300MW planned and 240MW PIC-qualified.

Changing Winds Renewable Energy Project: 300MW planned and 240MW PTC qualified. Easter Renewable Energy Project: 300 MW planned and 240MW PTC-qualified.

Fluvanna Renewable Energy Project: 366 MW planned and 240MW FTC-qualified. Goodnight Wind Energy Project: 500 MW planned and 240MW PTe-qualified. Hale Community Energy: l.lGW planned, 240MW FTC-qualified.

About Tri Global Energy

Tri Global Energy (TGE) is a leading developer of wind energy in the U.S. The company is based in Dallas.  Founded in 2009, TGE’s goal is to develop clean energy at an affordable cost through the development of wind projects. Additionally, the company has pioneered a unique way to generate local economic benefits through the development of renewable energy projects by partnering with landowners, communities and industry-leading investors. The company develops and owns utility-scale wind projects in Texas, New Mexico and Nebraska.