Tri Global Energy (TGE), one of America’s leading developers of renewable energy, (www.triglobalenergy.com), has completed its acquisition by Enbridge (www.enbridge.com) (TSX:ENB) (NYSE:ENB), Canada’s largest energy company.
For the second quarter of 2022, the American Clean Power Association (ACP) ranked Tri Global Energy as number 10 in the U.S. for overall renewable energy development (onshore and offshore wind, solar, and battery storage projects), number three for onshore wind development nationally, and number one for onshore wind development in Texas, one of the world’s largest producers of wind energy. ACP includes projects both under construction and in advanced development.
Since its founding in 2009, Tri Global Energy has developed 8.7 GW of power from 37 total projects in seven states – Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia, and Wyoming. TGE has successfully originated, developed and sold multiple projects to leading renewable equity partners such as NextEra, Copenhagen Infrastructure Partners and Engie. This includes 10 Texas wind projects, which are now in commercial operation.
“When we established Tri Global Energy, we had a vision of creating a better way to develop wind energy projects. This proved to be what the industry needed to help accelerate the transition to renewable energy in the U.S.,” said John B. Billingsley, TGE Founder, Chairman and CEO. “Today TGE is a leader in clean energy with a highly talented and experienced team. Our current opportunity with Enbridge allows for continued robust growth to meet the challenge of our lifetime – the transition to a low-carbon economy.”
Lazard served as lead financial advisor to Tri Global Energy, and Haynes and Boone served as outside counsel to Tri Global Energy.
