Enbridge has signed an settlement to take part within the development and operation of the Fox Squirrel photo voltaic challenge, by means of a 50% three way partnership curiosity with EDF Renewables.
Fox Squirrel is a ground-mounted photo voltaic facility beneath development in Madison County, Ohio. Its preliminary section is anticipated to generate roughly 150 MW of photo voltaic power and be in service by year-end, says Enbridge. The challenge will probably be constructed in three phases and is designed to finally ship as much as 577 MW by the top of 2024.
Enbridge will make investments $149 million within the first section and plans to achieve a ultimate funding determination on the next phases all through 2024. The challenge has 20-year fixed-price energy buy agreements with an investment-grade counterparty for the complete technology capability.
“This partnership expands Enbridge’s strategic relationship with EDF Renewables whereas driving accretive renewables progress in North America,” says Enbridge’s Matthew Akman.
“Fox Squirrel photo voltaic challenge will profit the encircling communities by including native jobs, producing extra tax revenues for Madison County and can finally energy roughly 118,000 Ohio houses with renewable power.”
