in News Departments > Projects & Contracts
print the content item

Wind developer Tri Global Energy has announced that interests held by project partner Floyd County Wind Farm LLC, in a joint wind project development with Westerly Wind LLC, have been sold to Westerly South Plains LLC. Westerly South Plains has in turn entered into an agreement with a subsidiary of First Wind, which will acquire, construct and operate the project.

Located in Texas, the Floyd County Wind Farm was originally formed in 2010 by Tri Global Energy under the company's Wind Force Plan, under which projects are owned by local landowners, community investors, managers and Tri Global.

"We are pleased with the sale of Floyd County Wind Farm and the resulting financial gains that the local landowners and community investors will receive," says Tri Global Energy CEO John Billingsley Jr.

"The success of the Floyd County Wind Farm was the result of the support and effort the many landowners, local investors and community leaders and especially the hard work of Floyd County managers Larry Bramlett and Keith Billington. These local individuals have made the development of the Floyd County Wind Farm truly a community success story," adds Billingsley. 

Terms of the sale were not disclosed, but Billingsley notes that the Floyd County Wind Farm landowners and community members are "receiving a rate of return of several multiples of their cash investments" and stand to receive "millions of dollars of future wind royalties."





Trachte Inc._id1770
Latest Top Stories

Senate Passes Tax Extenders Bill With Wind PTC Extension

The legislation, which passed in the U.S. House earlier this month, will renew the critical production tax credit through the end of 2014 - giving developers only about two weeks left to start construction.


Transmission Study Shows Nebraska Could Handle A Lot More Wind Power

A new report released by the Nebraska Power Review Board finds that the state already has enough infrastructure to accommodate at least 2 GW of additional wind generation.


Can Wind Energy And Birds Coexist? Environmental Group Says Yes

The Environmental Defense Fund, a supporter of responsible wind energy development, points out ways to help mitigate impacts of turbines on birds and bats.


Another Study Finds Wind Turbines Do Not Affect Nearby Property Values

Research conducted by the University of Guelph focused on regions in Ontario, and the conclusion echoes that of previous studies.


Too Little, Too Late? U.S. House Approves Wind PTC Extension

The U.S. House of Representatives has passed a tax extenders package that would renew the wind production tax credit (PTC) and about 50 other expired tax breaks through 2014. The wind industry argues the short-term fix is virtually no fix at all.

Hybrid Energy Innovations 2015