Bearkat II will present quite a few advantages to the county and the area people. “Over the lifetime of the undertaking, Bearkat II will contribute thousands and thousands in taxes to assist native public providers equivalent to colleges, roads, libraries and lots of others, together with a secure revenue to native landowners who’ve leased land to host the wind undertaking,” stated John Billingsley, Chairman and CEO of Tri International Power.
“We’re delighted to announce the completion of Bearkat II, the latest addition to our rising portfolio of world-class renewable power tasks. This achievement serves as a testomony to the dedication and resilience of the CIP and Tri International Power groups, our companions and suppliers to execute all through the worldwide pandemic. We’re happy with this undertaking’s contribution to native jobs and producing clear wind power to serve the Texas market,” stated Christian Skakkebæk, Senior Companion at CIP.
“West Texas supplies the power that powers among the most dynamic economies on this nation,” stated U.S. Congressman Mike Conaway (R-Texas), who represents the eleventh District, which incorporates Glasscock County. “I’m excited to see one other revolutionary wind power undertaking open within the eleventh District and produce much more enterprise alternatives to our rural communities.”
Tri International Power originated the Bearkat wind undertaking on almost 30,000 leased acres of privately owned farm and ranch land in 2012 and continued undertaking growth after CIP’s acquisition of the Bearkat undertaking in 2016. The 197-MW first section of the Bearkat undertaking commenced operations in 2017.
“We congratulate the crew at CIP on finishing funding the second section of the Bearkat wind undertaking and reaching industrial operation, which helps Texas stay the primary wind producing state within the nation,” stated Billingsley.
CIP and Tri International Power have partnered efficiently on different wind tasks, together with the operational 148-MW Blue Cloud wind undertaking (Bailey and Lamb Counties, Texas) and the 400-MW Panther Grove Wind Power (Woodford County, IL) undertaking growth.
Tri International Power is an unbiased renewable power originator and developer within the U.S. The corporate is a number one wind developer in Texas and among the many high 5 within the U.S. for tasks beneath building. Over 4,000 megawatts of TGE’s renewable power tasks are both in late stage growth, financing, building or operation, together with wind, photo voltaic and power storage tasks.
Based in 2009, Tri International Power’s mission is to enhance communities via native financial growth generated by originating and commercializing renewable power tasks. The corporate presently develops and owns utility-scale wind and photo voltaic power tasks in Texas, Nebraska, Illinois, Indiana, Virginia and Pennsylvania. Tri International Power is headquartered in Dallas with regional growth workplaces in Lubbock, Texas; El Paso and Forreston, Illinois; and Reynolds and Hartford Metropolis, Indiana. For extra data, go to www.triglobalenergy.com.
Copenhagen Infrastructure Companions P/S is a fund administration firm with seven power infrastructure funds and greater than EUR 12 billion in commitments beneath administration. CIP is a multinational crew with in depth expertise and data inside renewable applied sciences. CIP has investments in utility scale renewable belongings throughout North America, Western Europe, and Asia Pacific. The crew has a broad vary of competencies inside company finance, merger & acquisitions, engineering, building, undertaking growth and undertaking administration. CIP was established in 2012 by senior executives with a confirmed monitor report from senior positions within the power trade. Present investments embody a variety of power infrastructure belongings together with offshore wind, onshore wind, offshore energy transmission, biomass and energy-from-waste, and photo voltaic PV investments.
SOURCE Tri International Power