Tri Global Energy has reached an agreement to sell the 180 MW Flatland Solar project to Silverpeak, an alternative investment firm focused on real estate, energy and credit.
Tri Global Energy will maintain its role as lead developer through project financing and construction. This is the second venture completed between Silverpeak and Tri Global.
Flatland Solar is Tri Global Energy’s first solar project in development in Texas. Located in Scurry County, nearly 100 miles south of Lubbock, Flatland Solar is a 950-acre secured site, expected to break ground later this year. Nearly 690,000 solar panels will be installed as part of the construction process, with expansion possible during later phases. The energy generated from Flatland Solar will be delivered to the ERCOT grid.
“As our first utility-scale solar energy project, Flatland Solar represents a significant milestone for us as a developer of clean energy projects,” says John Billingsley, chairman and CEO of Tri Global Energy.
Great Bay Renewables, a subsidiary of Altius Renewable Royalties, has provided royalty financing in support of Tri Global Energy completing project development.
