Enbridge For Meta Platforms 600 MW Solar Project
Enbridge Has Reached A Final Investment Decision On The 600 MW Clear Fork Solar Project In Texas
Clear Fork will be a utility scale solar facility located near San Antonio, with 600 MW of capacity. Construction is underway, and the facility is expected to enter in service during the summer of 2027.
Meta Platforms, Inc., has signed a long-term contract for 100% of the renewable output of the project. Enbridge’s estimated project cost is US$900 million and the project is expected to be accretive to cash flow and earnings per share starting in 2027.
“Clear Fork demonstrates the growing demand for renewable power across North America from blue-chip companies who are involved in technology and data center operations,” said Matthew Akman, executive vice president of Corporate Strategy and president of Power at Enbridge. “Enbridge continues to advance its world-class renewables development portfolio using our financial strength, supply chain reach and construction expertise under a low-risk commercial model that delivers strong competitive returns.”
“We are thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy,” Urvi Parekh, head of global energy at Meta Platforms.
