Altius Announces Creation of 2nd Renewable Energy Royalty

According to John Billingsley, Tri Global Energy chairman and CEO, “This transaction highlights our recent momentum and growth as a developer and further positions Tri Global Energy for continued leadership on clean energy solutions.”

December 18, 2019. By News Bureau

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Altius Minerals Corporation (“Altius”) has announced that its subsidiary, Altius Renewable Royalties Corp., has received its second renewable energy royalty under the portfolio based royalty financing agreement that it completed with Tri Global Energy (“TGE”) in early 2019.

The sale of an Illinois wind energy project, Woodford Wind Energy to Copenhagen Infrastructure Partners has been announced by Tri Global Energy.

The Illinois wind project has applied for two separate phases of interconnection each phase for up to 400 MW of capacity in the PJM system.

According to John Billingsley, Tri Global Energy chairman and CEO, “This transaction highlights our recent momentum and growth as a developer and further positions Tri Global Energy for continued leadership on clean energy solutions.”

“We look forward to supporting CIP through the Woodford project’s commencement of operations and to expanding our development activities in Illinois and within the PJM interconnection region,” he further adds.

Comprised of 31,000 leased acres in the Central Illinois county of Woodford involving over 300 land and homeowners, Woodford Wind Energy is going to be owned and operated by CIP’s U.S. subsidiary, Woodford Wind, U.S., Inc.

As per Henrik Tordrup, Partner at CIP, “This is the third project launched via a partnership between Tri Global Energy and CIP. The two companies have already constructed over 500 MWs of wind energy projects. We look forward to our continuing ownership and operating role by expanding our U.S. portfolio of high-quality clean energy projects such as Woodford Wind Energy.”

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