CALGARY, AB, – Enbridge announced last week that it has signed a definitive agreement to participate in the construction and operation of the Fox Squirrel Solar project, through a 50 per cent interest in a joint venture with EDF Renewables.
According to Enbridge, the initial phase is expected to generate approximately 150 MW of solar energy and be in service by year-end.
Fox Squirrel Solar is a ground-mounted solar facility under construction in Oak Run, Pleasant and Range townships in Madison County, Ohio. It will be built on 3,766 acres of leased agricultural land with the solar panel installation taking up 3,444 acres. The remaining 322 acres will be a buffer for surrounding land uses.
The solar photovoltaic panels will be mounted on a single-axis tracking system which will allow the panels to track the sun’s trajectory throughout the day.
The project will be constructed in three phases and is designed to ultimately deliver up to 577 MW of renewable energy to the utility grid by the end of 2024. Enbridge will invest US$149 million in the first phase and plans to reach final investment decision on the following phases throughout 2024, assuming certain conditions are met.
The project has 20-year fixed-price power purchase agreements with a strong investment grade counterparty for the full generation capacity.
Matthew Akman, Executive Vice President Corporate Strategy and President, Power said “This partnership expands Enbridge’s strategic relationship with EDF Renewables while driving accretive renewables growth in North America. Fox Squirrel solar project will benefit the surrounding communities by adding local jobs, generating additional tax revenues for Madison County and will ultimately power approximately 118,000 Ohio homes with renewable energy.”
It is estimated that Fox Squirrel Solar will mitigate approximately 1.2 million metric tonnes of greenhouse gases per year.
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