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16 Nov 2023

Enbridge to Invest in EDF Renewables' Ohio Solar Facility

16 Nov 2023  by reuters   

Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights
Canadian pipeline operator Enbridge (ENB.TO) said on Wednesday it had entered a joint venture with EDF Renewables to participate in the construction and operation of the Fox Squirrel solar project in Ohio.

The under-construction ground-mounted solar facility, which is being developed by a subsidiary of French utility EDF, is expected to generate about 150 megawatts of energy initially and will be in service by the year-end.

Fox Squirrel, based in Madison County, Ohio, will be built in three phases and deliver up to 577 MW of solar energy by the end of 2024.

Enbridge said it would invest $149 million for the first phase and plans to reach a final investment decision for the remaining phases throughout 2024.

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