Dallas-based Leeward Renewable Energy is acquiring Indiana wind and solar projects from the original developer.
Tri Global Energy is selling close to 2,000 MW of renewable generating capacity to Leeward. Both projects are based in Blackford County, Indiana, and were developed by Tri Global beginning in 2019.
Blackford Wind will be capable of delivering up to 200 MW, and Blackford Solar will be capable of up to 150 MW. The projects combined are expected to produce enough energy to power more than 80,000 homes.
TGE and Leeward Renewable Energy will work with the county, state, and federal authorities to secure the requisite permits and bring the two projects into construction, with operations projected to commence as early as 2023.
“Projects of this scope demand world-class expertise and resources, and that’s why we consider Leeward Renewable Energy an outstanding partner going forward,” Tri Global Energy CEO John Billingsley said.
This is the second deal between Tri Global Energy and Leeward Renewable Energy. The two companies announced a transaction involving two of Tri Global Energy’s original Indiana projects in White County (180 MW Hoosier Line Wind and 400 MW Honey Creek Solar) in April.
“The acquisition of these quality projects is a great complement to Leeward’s growing portfolio of high-quality wind and solar assets. Leeward is dedicated to responsible energy development, while also providing economic benefits and clean, affordable power to the local community,” said Andrew Flanagan, Chief Development Officer of Leeward. “Tri Global Energy is a great partner and we look forward to continuing our strong relationship in the future.”
Great Bay Renewables, a joint venture company between certain funds managed by affiliates of Apollo Global Management, Inc. and Altius Renewable Royalties Corp, is providing royalty financing in support of Tri Global Energy completing and funding this project development through the start of construction.
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