Enbridge Invests in Ohio's Largest Solar Project
- Experience the first phase of the 749 MW DC/577 MW AC Fox Squirrel solar project joint venture between Enbridge and EDF Renewables, estimated to create 450 jobs and USD 25 million in taxes. Get ready for clean energy from Ohio by the end of the year.
EDF Renewables is responsible for the engineering, procurement, and construction of the project, while Enbridge will take over the operations and maintenance. The project is estimated to generate USD 25 million in state and local taxes and create 450 jobs. Enbridge and EDF Renewables have agreed to form a joint venture to develop the first phase of the 749-MW DC/577-MW AC Fox Squirrel solar project in Madison County, Ohio. Enbridge will become a 50% partner in the project and will invest USD 149 million in the initial phase, with the first 150 MW of capacity expected to come online by the end of the year. The remainder is expected to come online by the end of 2024, subject to certain conditions being met. The project has a 20-year power purchase agreement at a fixed price for its entire capacity with an investment grade counterparty, and is estimated to generate USD 25 million in state and local taxes and create 450 jobs.
How will the Fox Squirrel Project Create 450 Jobs?
- The Fox Squirrel Project is the first phase of a 749-MW DC/577-MW AC solar project located in Madison County, Ohio.
- Enbridge and EDF Renewables have formed a joint venture to develop the project, with Enbridge investing USD 149 million in the initial phase.
- The first 150 MW of capacity is expected to come online by the end of the year, with the remainder to be completed by the end of 2024.
- The project has a 20-year power purchase agreement at a fixed price with an investment grade counterparty.
- 450 jobs are expected to be created during the construction of the project.
- The project is estimated to generate USD 25 million in state and local taxes.
- Enbridge will take over the operations and maintenance of the project once it is complete.