Enbridge reaches FID on 600MW Clear Fork solar project
The 600 MW utility-scale facility is expected to commence operations by summer 2027.
Enbridge's commitment involves an estimated $900m for construction.
This investment is anticipated to be accretive to both cash flow and earnings per share from 2027 onwards.
Meta Platforms has entered a long-term agreement to gain access to all renewable energy produced by Clear Fork.
Enbridge renewable power president and corporate strategy executive vice-president Matthew Akman stated: "Clear Fork demonstrates the growing demand for renewable power across North America from blue-chip companies who are involved in technology and data centre operations.
"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."
Construction on the Clear Fork site is already underway. In addition, Enbridge has also invested $8bn in green initiatives since its initial wind farm investment back in 2002, as reported by Bloomberg.
The company's portfolio now includes 23 wind farms, 13 solar facilities and one geothermal plant. Together, these projects generate sufficient electricity to supply 1.3 million homes with power.
Meta Global Energy head Urvi Parekh stated: "We are thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.'
In June 2025, Meta Platforms agreed with XGS Energy to facilitate the development of a 150MW geothermal energy project in New Mexico.
The project will be implemented in two phases, with the initial smaller phase and the larger second phase both operational by 2030.
"Enbridge reaches FID on 600MW Clear Fork solar project" was originally created and published by Power Technology, a GlobalData owned brand.
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