Enbridge to invest in EDF Renewables' Ohio solar facility - Reuters
Enbridge to invest in EDF Renewables' Ohio solar facility | Reuters
Enbridge to invest in EDF Renewables' Ohio solar facility
Enbridge Inc logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration Acquire Licensing Rights
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Nov 15 (Reuters) - 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.
Reporting by Sourasis Bose in Bengaluru; Editing by Anil D'Silva and Tasim Zahid
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Related Knowledge Center: ENERGY BASICS: solar
Declining costs and government encouragement have resulted in a rapid increase in solar energy production in the United States over the past 10 years, although solar’s share remains small: 1.6 percent of all electricity generation in 2018. That rapid growth is projected to continue.