Tri Global Energy has announced this week that its 148 megawatt wind project has reached financial close and will begin construction with investment from Denmark-based Copenhagen Infrastructure Partners and wind turbines supplied by Danish wind turbine manufacturer Vestas.
Three separate announcements were made on Wednesday that confirmed the finalization and beginning of construction work on the new 148.4 megawatt (MW) Blue Cloud Wind Energy Project set to be developed across 19,000 leased acres of privately-owned farmland in Bailey and Lamb Counties in Texas.
Tri Global Energy, the developer of the project, announced that Blue Cloud reached financial close on Wednesday thanks to investment from Denmark’s Copenhagen Infrastructure Partners (CIP) who will also act as the long-term owner and operator of the project. CIP confirmed, for its part, that it will be making an equity investment in the project through their Copenhagen Infrastructure II K/S (CI-II) fund.
At the same time, Vestas announced that it would be providing 135 MW worth of its V126-3.45 MW wind turbines along with a 25-year service agreement.
“Blue Cloud will become our second equity investment in the US onshore wind market that we bring to Financial Close with tax equity investors,” said Christian Skakkebæk, Senior Partner in CIP. “We are glad to continue our successful cooperation with our partners and we are looking forward to see Blue Cloud delivering its first unit of electricity to the grid.”
“This is Copenhagen Infrastructure Partners’ second equity investment in wind in the US and with a service contract lasting a quarter of a century also a strong testament to the partnership we are building and the trust our customers have in our service offerings,” said Chris Brown, President of Vestas’ sales and service division in the United States and Canada. “At the same time, the order expands the 4 MW platform’s footprint in the US, highlighting the platforms’ momentum in North America, and Vestas’ product diversity and flexibility.”
Supply and commission will be conducted by Vestas, with completion expected by the end of this year.