EDF Renewables North America and Enbridge Inc. (TSX: ENB) (NYSE:
ENB) today announced that Phase 1 of Fox Squirrel Solar, the
largest solar complex in Ohio, is fully operational and delivering
decarbonized electricity to the PJM grid. Fox Squirrel Solar, a
ground-mounted solar facility with total capacity of 749 MWdc/577
MWac, is being constructed in three phases in Madison County, Ohio;
the initial phase generates 150 MWac of solar energy.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240110431197/en/
Fox Squirrel solar located in Madison
County Ohio. (Photo: Business Wire)
Comprised of 1.4 million panels and 159 inverters in total, Fox
Squirrel Solar represents the largest onshore renewable energy
project developed and built by EDF Renewables North America. During
peak construction of the first phase, 650 workers were onsite
installing 10,000 panels per day. Enbridge invested in the first
phase and plans to reach final investment decision on the following
phases through 2024, assuming certain conditions are met.
Fox Squirrel 1
Fox Squirrel 2
Fox Squirrel 3
150 MWac /194 MWp
250 MWac /325 MWp
177 MWac /230 MWp
Operational
Dec 2023
Expected Operation
Mid-2024
Expected Operation
End of 2024
The project has secured 20-year power purchase agreements with a
strong investment grade counterparty for the full generation
capacity and is expected to generate enough electricity to power
the equivalent of 118,000 average Ohio homes1.
"The development and operation of Phase 1 marks a significant
milestone in our journey to drive Ohio’s future with clean,
decarbonized electricity,” said Kate O’Hair, Senior Vice President
for Onshore Development. “This project serves as a testament to the
invaluable support from the county and community, highlighting
their crucial role in ensuring the project’s success.”
"We are pleased to bring into service the first phase of the Fox
Squirrel solar project as part of our expanded strategic
partnership with EDF Renewables,” said Matthew Akman, Executive
Vice President Corporate Strategy and President, Power, Enbridge.
“The development of this project will support local communities and
deliver clean power for our customer. The project underscores our
energy transition leadership and highlights our rigorous capital
allocation process which targets projects that are immediately
accretive to DCF per share and complementary to our growth
outlook."
EDF Renewables, with its extensive experience and track record
of success, is dedicated to providing solutions that help customers
achieve their carbon-reduction goals. With 35 years of experience
and 16 gigawatts of wind, solar, and storage projects developed,
EDF Renewables is a leading provider of integrated energy
solutions, ranging from grid-scale power to electric vehicle
charging.
1 According to U.S. Energy
Information Administration (EIA) 2022 Residential Electricity Sales
and U.S. Census Data and typical transmission assumptions.
About EDF Renewables North America
EDF Renewables North America is a market leading independent
power producer and service provider with 35 years of expertise in
renewable energy. The Company delivers grid-scale power: wind
(onshore and offshore), solar photovoltaic, and storage projects;
distribution-scale power: solar and storage; asset optimization:
technical, operational, and commercial expertise to maximize
performance of generating projects, and onsite solutions, through
the Company’s PowerFlex subsidiary, offering a full suite of onsite
energy solutions for commercial and industrial customers: solar,
storage, EV charging, energy management systems, and microgrids.
EDF Renewables’ North American portfolio consists of 16 GW of
developed projects and 13 GW under service contracts. In Canada,
the Company has 1.9 GW of wind and solar power facilities in
service or under construction and 4.2 GW under development. EDF
Renewables North America is a subsidiary of EDF Renewables, the
dedicated renewable energy affiliate of the EDF Group. For more
information visit: www.edf-re.com. Connect with us on LinkedIn,
Facebook and Twitter.
About Enbridge Inc.
At Enbridge, we safely connect millions of people to the
energy they rely on every day, fueling quality of life through our
North American natural gas, oil and renewable power networks and
our growing European offshore wind portfolio. We're investing in
modern energy delivery infrastructure to sustain access to secure,
affordable energy and building on more than a century of operating
conventional energy infrastructure and two decades of experience in
renewable power. We're advancing new technologies including
hydrogen, renewable natural gas, carbon capture and storage and are
committed to achieving net zero greenhouse gas emissions by 2050.
Headquartered in Calgary, Alberta, Enbridge's common shares trade
under the symbol ENB on the Toronto (TSX) and New York (NYSE) stock
exchanges. To learn more, visit us at enbridge.com.
Enbridge Forward-Looking Statement
Forward-looking information, or forward-looking statements, have
been included in this news release to provide information about
Enbridge Inc. ("Enbridge" or the "Company") and its subsidiaries
and affiliates, including management's assessment of Enbridge and
its subsidiaries' future plans and operations. This information may
not be appropriate for other purposes. Forward-looking statements
are typically identified by words such as ''anticipate'',
''expect'', ''project'', ''estimate'', ''forecast'', ''plan'',
''intend'', ''target'', ''believe'', "likely" and similar words
suggesting future outcomes or statements regarding an outlook.
Forward-looking information or statements in this news release
include statements with respect to the Fox Squirrel solar project
(the “Project”) and related matters, including the characteristics
and benefits of the Project, anticipated investment decision and
operation dates, and expected accretion of the Project.
Although Enbridge believes these forward-looking statements are
reasonable based on the information available on the date such
statements are made and processes used to prepare the information,
such statements are not guarantees of future performance and
readers are cautioned against placing undue reliance on
forward-looking statements. By their nature, these statements
involve a variety of assumptions, known and unknown risks and
uncertainties and other factors, which may cause actual results,
levels of activity and achievements to differ materially from those
expressed or implied by such statements. Material assumptions
include assumptions about the following: the expected supply of,
demand for and prices of crude oil, natural gas, natural gas
liquids (NGL), liquified natural gas (LNG) and renewable energy;
anticipated utilization of our assets; exchange rates; inflation;
interest rates; availability and price of labour and construction
materials; the stability of our supply chain; operational
reliability and performance; maintenance of support and regulatory
approvals for our projects, including the Project; anticipated
in-service dates; weather; announced and potential acquisition,
disposition and other corporate transactions and projects and the
timing and benefits thereof, including the Project; governmental
legislation; litigation; credit ratings; hedging program; expected
EBITDA and expected adjusted EBITDA; expected earnings/(loss) and
adjusted earnings/(loss); expected earnings/(loss) or adjusted
earnings/(loss) per share; expected future cash flows; expected
future distributable cash flow (DCF) and DCF per share; estimated
future dividends; financial strength and flexibility; debt and
equity market conditions; and general economic and competitive
conditions. Assumptions regarding the expected supply of and demand
for crude oil, natural gas, NGL, LNG and renewable energy and the
prices of these commodities are material to and underlie all
forward-looking statements, as they may impact current and future
levels of demand for our services. Similarly, exchange rates,
inflation and interest rates impact the economies and business
environments in which we operate and may impact levels of demand
for our services and cost of inputs and are therefore inherent in
all forward-looking statements. Due to the interdependencies and
correlation of these macroeconomic factors, the impact of any one
assumption on a forward-looking statement cannot be determined with
certainty. The most relevant assumptions associated with
forward-looking statements on announced projects and projects under
construction, including estimated in-service dates and the
realization of anticipated benefits, include the following: the
impact of litigation and government, regulatory and stakeholder
actions and approvals on construction and in-service schedules; the
availability and price of labour and construction materials; the
effects of inflation and foreign exchange rates on labour and
material costs; the effects of interest rates on borrowing costs;
technology-related matters; the impact of weather; and expectations
about our partners’ ability to complete and finance proposed
projects.
Enbridge’s forward-looking statements are subject to risks and
uncertainties pertaining to the successful execution of our
strategic priorities; operating performance; regulatory parameters;
litigation; acquisitions and dispositions and other transactions,
and the realization of anticipated benefits therefrom; project
approval and support, including with respect to the Project;
renewals of rights-of-way; weather; economic and competitive
conditions; global geopolitical conditions; political decisions;
public opinion; dividend policy; changes in tax laws and tax rates;
exchange rates; interest rates; inflation; commodity prices; and
supply of and demand for commodities, including but not limited to
those risks and uncertainties discussed in this news release and in
Enbridge’s other filings with Canadian and U.S. securities
regulators. The impact of any one assumption, risk, uncertainty or
factor on a particular forward-looking statement is not
determinable with certainty, as these are interdependent and our
future course of action depends on management’s assessment of all
information available at the relevant time. Except to the extent
required by applicable law, Enbridge assumes no obligation to
publicly update or revise any forward-looking statement made in
this news release or otherwise, whether as a result of new
information, future events or otherwise. All forward-looking
statements, whether written or oral, attributable to us or persons
acting on our behalf, are expressly qualified in their entirety by
these cautionary statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240110431197/en/
EDF Renewables Sandi Briner mediarelations@edf-re.com
Enbridge Mandy Dinning Toll Free: (888) 992-0997
media@enbridge.com
Enbridge (NYSE:ENB)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Enbridge (NYSE:ENB)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024