TGE to sell Hoosier Line Wind project and Honey Creek Solar project
Tri Global Energy (TGE) has signed an agreement with Leeward Renewable Energy to sell two of its renewable energy projects in Indiana – the 180MW Hoosier Line Wind project and the 400MW Honey Creek Solar project.
The financial details of the transaction were not revealed. The deal was announced in late April 2021.
Both the wind and solar power projects are in White County in northwestern Indiana and are scheduled to begin operations as early as 2023.
This is the first deal between the two Dallas-based firms and the first renewable project sales for Tri Global Energy in Indiana.
John Billingsley – Chairman and CEO of Tri Global Energy said: “Hoosier Line Wind and Honey Creek Solar represent a significant milestone for TGE, our first expansion to Indiana.
“We couldn’t be more excited to begin a new relationship with Leeward, whose leadership shares our commitment to develop and expand clean energy and to invest in the advancement of local communities.”
The Hoosier Line Wind project and the Honey Creek Solar project were launched in 2019 with Tri Global Energy as the project developer. As per the sale agreement, the company will continue as a co-development partner with Leeward Renewable Energy.
Jason Allen – CEO of Leeward Renewable Energy said: “We are pleased to reach agreement with Tri Global Energy to acquire these well-planned development assets, and to partner with Tri Global on their continued development.
“The projects accelerate our efforts in the Indiana market and are highly complementary to our aggressive growth strategy across the U.S.”