October 2 (Renewables Now) - US renewables firm Tri Global Energy LLC (TGE) said on Tuesday it has agreed to sell a 360-MW wind project in Texas to alternative investment management Silverpeak.
The agreement concerns the Canyon Wind project, which was developed through Tri Global’s community sponsorship business model, the Wind Force Plan. The developer said it will keep its role as a lead developer through the financing and construction phases of the scheme, which includes participation from almost 150 landowners.
Financial details about the transaction and the financing needed for the implementation of the project were not provided.
The proposed power plant will be installed on over 38,000 acres of farm and ranch land. Santosh Raikar, Silverpeak managing partner and head of Silverpeak's Renewables group, noted that the selected location is within The Electric Reliability Council of Texas’ (ERCOT’s) West load zone, which is devoid of transmission congestion that could affect the pricing of power.