The development of the Vermilion Wind project is expected to continue over the next two to three years
The wind project is estimated to generate approximately $55m dollars in landowner payments. (Credit: Matthias Böckel from Pixabay)
US renewable energy developer Tri Global Energy (TGE) has commenced development on a 255MW wind project in East Central Illinois.
The project, Vermilion Wind, will cover an area of 15,000 acres and will be located just south of the Little Vermilion River.
Currently, Illinois ranks sixth for wind power production in the US.
TGE’s founder and chairman John Billingsley expects that the state is poised to reap even more benefits through harnessing its assets for the development of wind energy.
“We have been able to form beneficial relationships with more than 3,500 participating landowners and community investors in Texas.”
“We’ve found the same great land resources and entrepreneurial spirit here in Vermilion County, and this project will pay benefits locally for decades to come.”
Vermilion Wind project to create 150 jobs during construction
Development efforts for Vermilion Wind are anticipated to be carried out over the next two to three years.
Currently, wind, utility interconnection and preliminary environmental studies are being conducted for the project.
Over the next 25 years, the wind project is estimated to generate approximately $55m dollars in landowner payments.
In addition, it is expected to create approximately 150 full-time jobs during the estimated six-to-nine-month construction phase.
TGE said that the wind project is led by project manager, Pete Boever.
Boever said: “Land acquisition will continue through 2020, even though a majority of leases will be signed by mid-October 2020.
“Transmission easements and Good Neighbor agreements will follow the initial lease-signing efforts. We look forward to working with the Vermilion community to cooperatively develop this project with them and to generating meaningful economic opportunity for project participants and the surrounding region.”
Headquartered in Dallas, TGE has more than 4GWrenewable energy projects are either in late stage development, financing, construction or operation.
In December last year, TGE announced the sale of the Woodford Wind Energy in Illinois to Copenhagen Infrastructure Partners (CIP).