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Invenergy Acquires Changing Winds Renewable Energy Project from Tri Global Energy
Tuesday 10 September 2019

10 September 2019 - Chicago, US-based sustainable energy resources developer and operator Invenergy has acquired the wind development assets of the Changing Wind Renewable Energy Project, LLC from Texas-based wind developer Tri Global Energy, LLC, the company said.

Terms of the transaction were not disclosed.

Tri Global Energy has been the exclusive developer and a manager of Changing Winds since the wind project's origination in 2011, using its proprietary business model, the Wind Force Plan, which allows local landowners and community investors the opportunity to partner with and have a substantial ownership in the wind project development that leased their land.

Tri Global said it expects Invenergy to deliver on its promise to positively impact the local community economies through tax revenues, generate a substantial rate of return to local community investors and to generate a second source of income through wind royalties for farmers and landowners.

The Changing Winds project has a nameplate of 231mw and is comprised of approximately 25,000 leased acres of privately owned farm and ranch land in Castro County, Texas, about 80 miles northwest of Lubbock, Texas.

Tri Global Energy is a leading developer of wind energy with a goal to develop clean energy at an affordable cost through the development of wind projects.

The company currently develops and owns utility-scale wind projects in Texas, Nebraska, Illinois and other US locations.

Invenergy and its affiliated companies develop, own and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia.
Details
Date Published: 10/09/2019
Target: Changing Wind Renewable Energy Project, wind development assets of the
Country: USA
Sector: Alternative Energy
Type: Corporate acquisition
Financing:
Status: Closed
Vendor: Tri Global Energy, LLC
Buyer: Invenergy
Comment:
Terms of the deal were not disclosed

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