Group2_Enbridge - operating its extensive oil and natural...

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Enbridge, First Solar To Expand Sarnia Solar Project 268 words 8 December 2009 09:47 Dow Jones Energy Service NRG English OTTAWA (Dow Jones)-- Enbridge Inc. (ENB) said Tuesday it is expanding its solar power project in Sarnia, Ont., to 80 megawatts of maximum capacity , which will make it the largest solar power plant in North America when it's completed next year. The Calgary-based pipeline and utility company will invest C$300 million (US$283.2 million) to expand the Sarnia project from its initial phase of 20 megawatts, which was just completed and makes the Sarnia plant Canada's largest solar power facility. The expansion to 80 megawatts is scheduled to be complete in the second half of next year. Enbridge, Canada's second-largest pipeline operator, acquired the Sarnia project in October from First Solar Inc. (FSLR) as part of its strategy to achieve a "neutral footprint," or to have every unit of carbon emissions created by
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Unformatted text preview: operating its extensive oil and natural gas pipeline system balanced by a unit of renewable energy production. First Solar will oversee the construction of the second half of the project. The Sarnia plant will generate enough power for nearly 13,000 homes and replace the equivalent of 39,000 tonnes of carbon dioxide emissions per year created by fossil-fuel power generation, Enbridge said. With the Sarnia plant, Enbridge has invested in 470 megawatts of renewable power. Sources include five wind energy projects and waste-heat recovery facilities. Shares of Enbridge declined 0.5% to $43.68 in early New York trading.-By Edward Welsch, Dow Jones Newswires; 613-237-0669; edward.welsch@dowjones.com [ 12-08-09 0947ET ] Document NRG0000020091208e5c80003c 2010 Factiva, Inc. All rights reserved. Factiva http://global.factiva.com.lp.hscl.u.edu/hp/printsavews.aspx?pp. .. 1 of 1 3/14/10 4:50 PM...
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This note was uploaded on 01/11/2012 for the course EIN 4354 taught by Professor Tufecki during the Fall '08 term at University of Florida.

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