DALLAS, May 2, 2017 /PRNewswire/ -- Tri Global Energy, the utility-scale renewable energy company, continues its lead in wind energy in Texas, as the developer of nearly 62 percent of all wind energy projects currently under construction in the state, according to the Q1 2017 Market Report from the American Wind Energy Association (AWEA).
Texas maintains its lead in the U.S. with a 54 percent share of total construction activity. An additional 14 percent is located in the Midwest, with 13 percent located in the Mountain states of Colorado and New Mexico.
"Several factors are driving this activity, including what we think is most important – wind prices are competitive with other power prices -- and its clean. That's an unbeatable combination," said John Billingsley, Chairman and CEO of Tri Global Energy.
The U.S. wind energy industry experienced the second strongest first quarter on record. There are now 9,025 MW under construction in the U.S. Texas has 4,900 MW under construction. Tri Global Energy's wind projects represent nearly 3,000 MW.
"This scale of activity is largely due to world-class wind resources in Texas and throughout the U.S. and the success of the Production Tax Credit, which incentivizes the highest possible production," Billingsley said.
About Tri Global Energy
Tri Global Energy (TGE) is a leading developer of wind energy in the U.S. The company is based in Dallas. Founded in 2009, TGE's goal is to develop clean energy at an affordable cost through the development of wind projects. The company develops and owns utility-scale wind projects in Texas and New Mexico and is the leading developer of wind energy in Texas. For more information, visit http://www.triglobalenergy.com.
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SOURCE Tri Global Energy