A Texas Panhandle wind farm has a new owner. Tri Global Energy LLC, considered to be a leading wind developer in Texas and managers of the Changing Winds Renewable Energy Project LLC sold the wind farm to Invenergy, the world’s leading privately held developer and operator of sustainable energy solutions.
The Changing Winds project started in 2011 and was owned and operator since by Tri Global based in Dallas. It has a nameplate of 231 megawatts (MW) 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.
“Given the depth of experience and capability at Invenergy, we expect that Invenergy will help the Changing Winds project 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,” said John Billingsley, Chairman and CEO at Tri Global.
The company currently develops and owns utility-scale wind projects in Texas, Nebraska, Illinois and other U.S. locations.