Tri Global Energy will divest interest in the 80MW Fiber Winds Energy Project, located in Texas, to a subsidiary of NextEra Energy, Lorenzo Wind.
NextEra signed a Power Purchase Agreement (PPA) with Xcel Energy back in March to sell 230MW of wind energy generated from its projects, including that of Fiber Winds.
According to the press release, through its 1,230 MW Texas-New Mexico wind energy initiative, Xcel Energy also will acquire other development assets from NextEra, including the 478 MW Hale Wind Energy Project, another wind project originated and developed by Tri Global Energy.
Tri Global Energy chairman and CEO, John Billingsley said:
“We are pleased to expand our NextEra collaboration, which began in 2015 with the sale of the 800+ MW Hale Wind Energy Project, and to see NextEra’s continued recognition of our high-quality wind energy development efforts.”
“We look forward to supporting NextEra in commencing project construction following regulatory approvals for both Fiber Winds Energy and Hale Wind Energy.”
Congressman Jodey Arrington (R-Texas), who represents District 19 and Crosby County, said:
“Wind energy projects — in addition to Texas’ significant investments in transmission infrastructure, solar and fossil resources and a supportive business environment — contribute to West Texas’ ability to lead in all forms of energy generation. Tri Global Energy is to be commended for its leadership in this area,”
“A clean, safe, affordable and reliable supply of energy created right here at home is imperative to a safe, strong, and free America for generations to come.”