Enbridge Announces 600-Megawatt Solar Project to Support Meta Platforms, Inc. Data Center Operations
Enbridge (NYSE:ENB) has announced a major renewable energy project with the final investment decision on Clear Fork, a 600-megawatt solar facility near San Antonio, Texas. The project, estimated to cost US$0.9 billion, has secured Meta Platforms as a long-term partner who will purchase 100% of the renewable output.
Construction has already begun, with operations expected to commence in summer 2027. The project demonstrates growing demand for renewable power from technology companies and data center operators, while leveraging Enbridge's financial strength and construction expertise. The Company expects the project to positively impact both cash flow and earnings per share starting in 2027.
Enbridge (NYSE:ENB) ha annunciato un importante progetto di energia rinnovabile con la decisione finale di investimento su Clear Fork, un impianto solare da 600 megawatt vicino a San Antonio, Texas. Il progetto, stimato in 0,9 miliardi di dollari USA, ha assicurato Meta Platforms come partner a lungo termine che acquisterà il 100% della produzione rinnovabile.
La costruzione è già iniziata e l'entrata in funzione è prevista per l'estate 2027. Il progetto evidenzia la crescente domanda di energia rinnovabile da parte di aziende tecnologiche e operatori di data center, sfruttando al contempo la solidità finanziaria e l'esperienza nella costruzione di Enbridge. La società prevede che il progetto avrà un impatto positivo sia sui flussi di cassa che sugli utili per azione a partire dal 2027.
Enbridge (NYSE:ENB) ha anunciado un importante proyecto de energía renovable con la decisión final de inversión en Clear Fork, una planta solar de 600 megavatios cerca de San Antonio, Texas. El proyecto, estimado en 0,9 mil millones de dólares estadounidenses, ha asegurado a Meta Platforms como socio a largo plazo que comprará el 100% de la producción renovable.
La construcción ya ha comenzado y se espera que las operaciones inicien en el verano de 2027. El proyecto demuestra la creciente demanda de energía renovable por parte de empresas tecnológicas y operadores de centros de datos, aprovechando la fortaleza financiera y experiencia en construcción de Enbridge. La compañía espera que el proyecto impacte positivamente tanto en el flujo de caja como en las ganancias por acción a partir de 2027.
Enbridge (NYSE:ENB)가 텍사스 산안토니오 인근에 위치한 600메가와트 태양광 시설인 Clear Fork에 대한 최종 투자 결정을 발표했습니다. 이 프로젝트는 약 9억 달러의 비용이 예상되며, Meta Platforms가 장기 파트너로서 재생 에너지 생산량의 100%를 구매하기로 했습니다.
건설은 이미 시작되었으며, 2027년 여름에 운영이 시작될 예정입니다. 이 프로젝트는 기술 기업과 데이터 센터 운영자들의 재생 에너지 수요 증가를 보여주며, Enbridge의 재정력과 건설 전문성을 활용합니다. 회사는 이 프로젝트가 2027년부터 현금 흐름과 주당 순이익에 긍정적인 영향을 미칠 것으로 기대하고 있습니다.
Enbridge (NYSE:ENB) a annoncé la décision finale d'investissement pour Clear Fork, une centrale solaire de 600 mégawatts près de San Antonio, au Texas. Le projet, estimé à 0,9 milliard de dollars US, a sécurisé Meta Platforms comme partenaire à long terme qui achètera 100 % de la production renouvelable.
La construction a déjà commencé et les opérations devraient débuter à l'été 2027. Ce projet illustre la demande croissante en énergie renouvelable des entreprises technologiques et des exploitants de centres de données, tout en tirant parti de la solidité financière et de l'expertise en construction d'Enbridge. La société s'attend à ce que le projet ait un impact positif sur les flux de trésorerie et le bénéfice par action à partir de 2027.
Enbridge (NYSE:ENB) hat die endgültige Investitionsentscheidung für Clear Fork bekanntgegeben, ein 600-Megawatt-Solarprojekt in der Nähe von San Antonio, Texas. Das Projekt, dessen Kosten auf 0,9 Milliarden US-Dollar geschätzt werden, hat Meta Platforms als langfristigen Partner gewonnen, der 100 % der erneuerbaren Energie abnehmen wird.
Der Bau hat bereits begonnen, und der Betrieb soll im Sommer 2027 starten. Das Projekt zeigt die wachsende Nachfrage nach erneuerbarer Energie von Technologieunternehmen und Rechenzentrumsbetreibern und nutzt dabei die finanzielle Stärke und Baukompetenz von Enbridge. Das Unternehmen erwartet, dass das Projekt ab 2027 positive Auswirkungen auf den Cashflow und den Gewinn je Aktie haben wird.
- Secured Meta Platforms as long-term customer for 100% of renewable output
- Project cost of US$0.9B expected to be accretive to cash flow and EPS from 2027
- Demonstrates strong demand from blue-chip tech companies for renewable power
- Leverages Enbridge's financial strength and construction expertise
- Project completion risk with 2-year construction timeline until 2027
- Significant capital investment required (US$0.9B)
- Single customer concentration risk with Meta Platforms
Insights
Enbridge's $0.9B solar project with Meta showcases strategic renewable expansion with predictable revenue and accretive returns starting 2027.
Enbridge's
First, the company has secured a blue-chip customer with Meta signing a long-term power purchase agreement for
Second, the project's expected accretion to both cash flow and earnings per share starting in 2027 indicates strong projected returns relative to Enbridge's cost of capital. This accretion profile suggests the deal was structured with favorable economics despite the competitive renewable development landscape.
Third, this transaction positions Enbridge to capitalize on the surging power demand from data centers and AI infrastructure. The Meta partnership could lead to additional opportunities as technology companies continue their aggressive renewable procurement to support expanding operations.
The
Clear Fork will be a utility scale solar facility located near
"Clear Fork demonstrates the growing demand for renewable power across
"We are thrilled to partner with Enbridge to bring new renewable energy to
Forward-Looking Statements
Forward-looking statements have been included in this news release to provide readers with information about Enbridge and its subsidiaries and affiliates, including management's assessment of Enbridge's 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 included or incorporated by reference in this news release include, but are not limited to, statements with respect to Clear Fork Solar, including the expected costs, benefits and construction and in-service dates of Clear Fork Solar, and other related matters.
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, export of and prices of crude oil, natural gas, natural gas liquids (NGL), liquefied natural gas (LNG), renewable natural gas (RNG) and renewable energy; anticipated utilization of assets; exchange rates; inflation; interest rates; tariffs and trade policies; availability and price of labor and construction materials; the stability of our supply chain; operational reliability; maintenance of support and regulatory approvals for our projects and transactions; anticipated in-service dates; weather; the timing, terms and closing of acquisitions, dispositions and other transactions; the realization of anticipated benefits of transactions; governmental legislation; litigation; estimated future dividends and impact of our dividend policy on our future cash flows; our credit ratings; capital project funding; hedging program; expected earnings before interest, income taxes and depreciation and amortization (EBITDA); expected earnings/(loss); expected future cash flows; and expected distributable cash flow. Assumptions regarding the expected supply of and demand for crude oil, natural gas, NGL, LNG, RNG 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, interest rates and tariffs 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. The most relevant assumptions associated with forward-looking statements regarding announced projects and projects under construction, including estimated completion dates and expected capital expenditures, include the following: the availability and price of labor and construction materials; the stability of our supply chain; the effects of inflation and foreign exchange rates on labor and material costs; the effects of interest rates on borrowing costs; the impact of weather and customer, government, court and regulatory approvals on construction and in-service schedules and cost recovery regimes.
Enbridge's forward-looking statements are subject to risks and uncertainties pertaining to the successful execution of our strategic priorities; operating performance; legislative and regulatory parameters; litigation; acquisitions, dispositions and other transactions and the realization of anticipated benefits therefrom; evolving government trade policies, including potential and announced tariffs, duties, fees, economic sanctions or other trade measures; operational dependence on third parties; dividend policy; project approval and support; renewals of rights-of-way; weather; economic and competitive conditions; public opinion; changes in tax laws and tax rates; exchange rates; inflation; interest rates; commodity prices; access to and cost of capital; our ability to maintain adequate insurance in the future at commercially reasonable rates and terms; political decisions; global geopolitical conditions; and the supply of, demand for and prices of commodities and other alternative energy, including but not limited to, those risks and uncertainties discussed in this news release and in our filings with Canadian and US 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.
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 to advance new technologies including hydrogen, renewable natural gas and carbon capture and storage. 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.
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SOURCE Enbridge Inc.
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