Tri Global Energy, Alstom to develop 80 MW wind energy project
This agreement, achieved prior to December 31, 2013 secures a “safe harbor” position on the production tax credit (PTC) for Fiber Winds Energy
Alstom Power and Tri Global Energy entered into a wind turbine supply agreement under which Alstom will supply 4 ECO110 and 25 ECO122 wind turbines and provide 10 years of service and maintenance for the 80 MW Fiber Winds Energy project near Lorenzo and Ralls, Texas.
This agreement, achieved prior to December 31, 2013 secures a “safe harbor” position on the production tax credit (PTC) for Fiber Winds Energy.
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 total ownership of Fiber Winds Energy and intends to be the plant operator, providing local employment and services, expanding upon the original Tri Global Energy business model as a community developer for local landowners and investors.