DALLAS, Dec. 18, 2015 /PRNewswire/ -- Tri Global Energy, a leading renewable energy developer, applauds the passage of legislation that includes long-term extensions of the solar and wind tax credits.
"This is a game changer for our company and will finally allow us to plan with certainty our growth and expansion over the next several years. Tri Global Energy plans aggressive expansion of both our wind and solar divisions into diversified geographical areas across the U.S.," said John Billingsley, Chairman and CEO at Tri Global Energy.
The proposed legislation is following on the heels of the global climate agreement in Paris, where 195 countries committed to tackle climate change and galvanize greater investment in clean energy. Consistent, long-term policies supporting wind and solar energy are critical to the growth of a lower-carbon economy. This week, analysts from Goldman Sachs Group Inc. reported that new wind and solar panels worldwide will provide more energy over the next five years than U.S. shale-oil production has over the past five years, with wind and solar on track to exceed 100 gigawatts in new installations for the first time. Goldman analysts also stated that solar and wind energy are saving a gigaton of carbon dioxide emissions annually.
About Tri Global Energy
Tri Global Energy is a renewable energy company based in Dallas. Founded in 2009, the company's goal is to develop clean energy at an affordable cost through the development of wind and solar projects. The company's TGE Wind division develops and owns utility-scale wind projects in Texas and New Mexico and is the leading developer of wind energy projects in Texas. In 2014, TGE Wind concluded 520 MW of wind transactions and will commercialize approximately 2,000 MW cumulatively by the end of 2017. The company's TGE Solar division provides solar energy solutions, and its management team have developed, financed, engineered, constructed and operated over 1,000 solar projects for utilities, large corporations, schools and churches, municipalities and residences. Recently Tri Global Energy joined some of America's largest companies at the White House for the American Business Act on Climate Pledge, committing to take on the global challenge of climate change. For more information, visit http://www.triglobalenergy.com.
Contact: Susie Lomelino
SOURCE Tri Global Energy