EDF Renewables, Enbridge Bring Fox Squirrel Phase 1 Online

Attribution: European Southern Observatory. EDF Renewables North America and Enbridge have declared that the first phase of the Fox Squirrel Solar project in Ohio is now functioning and supplying power to the PJM grid. The project is a ground-based solar facility with a total capacity of 749 MW, and is being built in three stages in Madison County, Ohio. The company notes that the initial phase generates 150 MW. The project, consisting of 1.4 million panels and 159 inverters, stands as EDF Renewables North America’s largest onshore renewable energy project. During the construction peak of the initial phase, 650 employees were engaged in installing 10,000 panels per day. Enbridge invested in the first phase and intends to make a final investment decision for the subsequent phases within this year, provided specific requirements are fulfilled. The project has successfully obtained 20-year Power Purchase Agreements (PPAs) with a high credit quality counterparty for the entire generation capability. “We’re thrilled to initiate the first stage of the Fox Squirrel solar project in conjunction with our broadened strategic alliance with EDF Renewables,” remarks Matthew Akman from Enbridge. The progression of this project will assist nearby communities and provide eco-friendly energy for our client. This project emphasizes our pioneering role in the energy transition and reflects our stringent capital allocation strategy. We aim for projects that instantly augment our distributable cash flow per share and align with our growth forecast.