Tri Global Energy has sold Greek company Terna Energy the 380MW Fluvanna wind farm in Texas.
Under the terms of the agreement, Tri Global will work with Terna during the construction phase, up to the time when the project reaches commercial operation.
The project is expected to be constructed in several phases, with the first one operational in 2017.
It will comprise nearly 32,000 leased acres of privately-owned farm and ranch land.
Tri Global Energy chairman and chief executive officer John Billingsley said: “This is a visible sign of the power behind our community-based business model.
“Our relationship with Terna Energy will help us deliver on our promise to positively impact the projects’ host community economies through employment opportunities and tax revenues; generate a substantial rate of return to local community investors; and to generate a second source of income in the form of wind royalties for farmers and landowners.”
Image: Tri Global’s Pleasant Hill wind project under construction (Tri Global Energy)
