EDF Renewables North America and Enbridge Inc. have inked a deal in which Enbridge will acquire a 50 percent stake in the Fox Squirrel Solar Project. Situated in Madison County, Ohio, this venture is slated to become EDF Renewables’ largest onshore renewable undertaking and Ohio’s most extensive solar complex.
The Fox Squirrel Solar Project is a ground-mounted solar facility with a capacity of 749 MWdc/577 MWac. Its construction will be done in three phases, with the inaugural phase set to commence operations by year-end and the remaining phases slated for completion by the end of 2024. The project has secured 20-year fixed-price power purchase agreements with a reputable investment-grade counterparty.
Enbridge’s investment in the project’s initial phase underscores its dedication to fostering renewable energy growth in North America. The final investment decision regarding subsequent phases in 2024 is contingent upon meeting specific conditions.
Speaking about the development, Ryan Pfaff, Executive Vice President, Grid-Scale Power for EDF Renewables, said, “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. 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.”
