in News Departments > Projects & Contracts
print the content item

Alstom has signed a deal with Tri Global Energy LLC to supply four ECO110 and 25 ECO122 wind turbines and provide 10 years of service and maintenance for the 80 MW Fiber Winds Energy project, located near Lorenzo and Ralls, Texas.

Following a financial closing, construction of the project is expected to begin in mid-year 2014, with commercial operations scheduled to commence in 2015. Tri Global Energy recently acquired 100% ownership of Fiber Winds Energy and intends to be the plant operator.

“During the first 30 years following the commencement of commercial operations, Fiber Winds Energy is expected to pay $39 million in wind royalties to local landowners and community investors,” says John B. Billingsley, CEO of Tri Global Energy. “It is also projected to pay $15 million in local school, county and hospital ad valorem taxes during this same period.”

The companies note that this agreement, achieved prior to Dec. 31, 2013, allows Fiber Winds Energy to meet the “safe harbor” provision for the production tax credit.






Trachte Inc._id1770
Latest Top Stories

Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.


FWS Issues Landmark Eagle Take Permit: What Does It Mean For Wind Projects?

The U.S. Fish and Wildlife Service's (FWS) recent decision has far-ranging implications for operating wind farms, as well as for those under development.


'Significant' Opportunity Exists Within Wind Energy's O&M Services Market

An increasing number of wind turbines are nearing the end of their warranty period, creating significant revenue-generating opportunities within the wind turbine operations and maintenance (O&M) sector.

Renewable NRG_id1934