First Phase of Bearkat Wind Energy Project Begins Construction
- May 08, 2017
Tri Global Energy, an originator and developer of utility-scale wind energy projects, announced the Bearkat Wind Energy Project has reached financial close and begun construction. Bearkat will be developed in phases, with the first one slated to bring online 197.6 megawatts of clean energy. Upon completion, the wind farm will total 380 megawatts.
The wind facility will occupy 30,000 leased acres of privately owned farm and ranch land in Glasscock County, Texas. To develop it, Tri Global Energy used its proprietary business model, the Wind Force Plan, which allows local landowners and communtiy investors to become partners and have ownership in the wind project development that leased their land. A fund managed by Copenhagen Infrastructure Partners (CIP) of Denmark now owns Bearkat.
“We are very pleased to collaborate with CIP on this project and support them in achieving this important milestone,” John Billingsley, chairman & CEO of Tri Global Energy, said in a prepared statement. “We look forward to supporting CIP on subsequent phases of the Bearkat Wind Project and expanding our relationship with them on several other community-sponsored utility-scale renewable energy project developments.”
“Community-focused development, coupled with Texas’ significant investments in infrastructure, abundant wind, solar and fossil resources, and supportive business environment contribute to our national leadership in all forms of energy generation,” added Congressman Mike Conaway (R-Texas), who represents Glasscock County. “Wind energy projects like these positively impact local economies through job creation and increased tax revenues.”
Tri Global Energy has been a manager, member and the exclusive project developer of Bearkat since its founding in September 2012. In July 2016, CIP acquired Bearkat and Blue Cloud Wind Energy, another Tri Global Energy wind facility. Ever since, the two companies have worked together to achieve financial closing and funding to begin construction.
Image courtesy of Tri Global Energy