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Shedding Some Light on Fox Squirrel Solar in Ohio

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Enbridge and EDF Renewables have inaugurated the first phase of the Fox Squirrel Solar project in Madison County, Ohio. With 1.4 million panels and 159 inverters, this project is one of the largest utility-scale solar developments east of the Mississippi. Amazon has committed to purchasing the full generation capacity to support its goal of 100% renewable energy by 2025. The initial phase generates 150 MW, with Phase 2 and Phase 3 expected to bring 250 MW and 177 MW respectively by the end of 2024. This project extends a 12-year partnership between Enbridge and EDF Renewables, previously collaborating on wind projects in Canada and offshore wind projects in France. Enbridge's operations in Ohio now span renewable power, liquids pipelines, gas transmission pipelines, and gas utilities, making significant contributions to Ohio's economic growth and renewable energy commitments.

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Positive

  • Amazon's power purchase agreements for full generation capacity support its renewable energy goal.
  • Phase 1 generating 150 MW of solar energy with future phases adding 427 MW combined by late 2024.
  • Project extends a successful 12-year partnership with EDF Renewables.
  • Enbridge's diverse operations in Ohio now include significant renewable energy projects.

Negative

  • Future phases depend on successful completion by late 2024, posing a risk of delays.

News Market Reaction

+1.21%
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+1.21% News Effect

On the day this news was published, ENB gained 1.21%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Amazon to purchase full generation capacity of solar energy project unveiled by Enbridge and EDF Renewables

NORTHAMPTON, MA / ACCESSWIRE / June 24, 2024 / Time for some fun as we harness the Ohio sun.

Enbridge, project partner EDF Renewables in North America and guests are celebrating today in Madison County, Ohio, with a ribbon cutting ceremony for the recently completed first phase of Fox Squirrel Solar.

It's one of the largest utility-scale solar developments east of the Mississippi-1.4 million panels and 159 inverters; and peak construction that required 650 workers safely installing 10,000 panels a day.

During the event, Amazon announced it has entered into power purchase agreements for the full generation capacity, which will help contribute to Amazon's commitment to match all of the electricity used by its operations with 100% renewable energy by 2030. The company is currently on a path to meet its goal by 2025.

As renewable energy commitments are increasingly embraced by corporations, solar projects like Fox Squirrel will help the state of Ohio realize its continuing commitment to attract business and nurture economic growth in the state.

Thomas Carbone, Enbridge's vice president of power business development, told the crowd that Enbridge is pleased and grateful to grow its presence in the Buckeye State, amid an ongoing expansion of our renewables business.

"Fox Squirrel is a key part of our commitment to the energy transition and our plans to continue to invest in these types of projects," Carbone said. "We look forward to working closely with all of you as we advance construction on Phases 2 and 3."

The initial phase of Fox Squirrel has a generation capacity of 150 megawatts (MW) of solar energy. F Phase 2 is expected to be operational in mid-2024 and will generate up to 250 MW, while Phase 3 is expected to enter service in late 2024 and generate up to 177 MW.

The project extends the longstanding partnership between Enbridge and EDF Renewables that began with four wind projects in Canada 12 years ago. The growing Enbridge-EDF portfolio also includes several offshore wind projects in France.

"I am so pleased at how far we've come on this journey with our partners, EDF Renewables, and all we've achieved together," said Carbone.

Enbridge is firmly planted in Ohio, with operations now representing every part of our business in the state-renewable power (Fox Squirrel and the Wheelersburg Solar project), liquids pipelines (Line 17, a.k.a. the Toledo Pipeline), natural gas transmission pipelines (Texas Eastern, NEXUS and Generation), and gas utilities (Enbridge Gas Ohio).

Solar power can generate electricity with no emissions, no waste production and no water use. We entered the solar business in southwestern Ontario in 2008 and continue to build our solar portfolio with several new projects - like Fox Squirrel - that are either operating or in development.

In all, the number of homes our solar investments can power each year has surpassed 45,000, based on net generation figures, which exclude our partners' stake in projects.



View additional multimedia and more ESG storytelling from Enbridge on 3blmedia.com.

Contact Info:
Spokesperson: Enbridge
Website: https://www.3blmedia.com/profiles/enbridge
Email: info@3blmedia.com

SOURCE: Enbridge



View the original press release on accesswire.com

FAQ

What is the Fox Squirrel Solar project in Ohio?

The Fox Squirrel Solar project is a large utility-scale solar development in Madison County, Ohio, involving Enbridge and EDF Renewables, generating up to 577 MW across three phases.

How much energy does the first phase of Fox Squirrel Solar generate?

The first phase of Fox Squirrel Solar generates 150 megawatts (MW) of solar energy.

When will Phases 2 and 3 of Fox Squirrel Solar be operational?

Phase 2 is expected to be operational by mid-2024, generating up to 250 MW, while Phase 3 is anticipated to enter service by late 2024, generating up to 177 MW.

Which company has agreed to purchase the full generation capacity of Fox Squirrel Solar?

Amazon has entered into power purchase agreements for the full generation capacity of the Fox Squirrel Solar project.

What is Enbridge's involvement in Ohio's energy sector?

Enbridge's operations in Ohio include renewable power projects like Fox Squirrel and Wheelersburg Solar, liquids pipelines such as Line 17, natural gas transmission pipelines (Texas Eastern, NEXUS, Generation), and gas utilities (Enbridge Gas Ohio).
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