Enbridge Acquires Tri Global Energy

September 29, 2022

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

Buyers
Enbridge Inc.
Targets
Tri Global Energy
Industry
Renewable Energy
Location
Texas, United States
Transaction Type
Buyout

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