15 Nov 2023
EDF Renewables North America and Enbridge Inc. (TSX: ENB) (NYSE: ENB) have announced an agreement that will see Enbridge become a 50 percent partner in the Fox Squirrel Solar Project. The project, located in Madison County, Ohio, is set to become EDF Renewables' largest onshore renewable project and Ohio's largest solar complex.
The Fox Squirrel Solar is a ground-mounted solar facility with a capacity of 749 MWdc/577 MWac. It is currently being constructed in three phases, with the initial phase set to be operational by year-end and the remainder by the end of 2024. The project has secured 20-year fixed-price power purchase agreements with a strong investment grade counterparty.
Enbridge's investment in the first phase of the project demonstrates their commitment to renewable energy growth in North America; final investment decision on the following phases throughout 2024 are subject to certain conditions being met.
"EDF Renewables is thrilled to continue our successful partnership with Enbridge through the Fox Squirrel Solar Project, our first utility-scale solar facility in Ohio,” said Ryan Pfaff, Executive Vice President, Grid-Scale Power for EDF Renewables. “Solar energy plays a key role in decarbonizing the PJM grid in a safe, reliable, and affordable manner. We look forward to completing Fox Squirrel Solar and supporting this transition.”
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.
EDF Renewables North America | www.edf-re.com