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Transactions - SEPTEMBER 30, 2022

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Tri Global Energy acquired by Canada’s Enbridge

by Kali Persall

Tri Global Energy (TGE), a U.S. renewable-energy developer, has been acquired by Enbridge, Canada’s largest energy company. Financial terms were not disclosed.

Since its founding in 2009, Tri Global Energy has developed 8.7 gigawatts of power from 37 projects in seven states: Texas, Illinois, Indiana, Nebraska, Pennsylvania, Virginia and Wyoming. TGE has successfully originated, developed and sold multiple projects to leading renewable equity partners, including NextEra, Copenhagen Infrastructure Partners and Engie. This includes 10 Texas wind projects, which are now in commercial operation.

“When we established Tri Global Energy, we had a vision of creating a better way to develop wind energy projects. This proved to be what the industry needed to help accelerate the transition to renewable energy in the U.S.,” said John Billingsley, founder, chairman and CEO of TGE. “Our current opportunity with Enbridge allows for continued robust growth to meet the challeng

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