Powered by

Tri Global Pioneers Royalty Deal for Wind Project Pipeline

Feb 12, 2019 - Power, Finance and Risk

Tri Global Energy has secured an $30 million royalty-based investment to finance its 1.5 GW wind development pipeline, using a technique more commonly seen in upstream fossil energy, and potentially lighting up a new path to development capital for smaller sponsors.

The investor,Great Bay Renewables, which was recently acquired by Canadian mining company Altius Minerals Corp., announced the deal on Feb. 11.

"It's a new application of an old concept""our principals have been using the...