financetom
Business
financetom
/
Business
/
Canada's Enbridge to invest $900 mln in Texas solar project
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Canada's Enbridge to invest $900 mln in Texas solar project
Jul 22, 2025 4:54 AM

July 22 (Reuters) - Energy infrastructure company

Enbridge ( ENB ) said on Tuesday it had reached a final

investment decision to invest $900 million on a 600 megawatt

solar power project in Texas, as demand for clean energy from

tech companies drives growth in renewables.

Meta Platforms ( META ) has signed a long-term contract to

purchase 100% of the project's renewable output to help power

its regional operations.

Meta is among the several large tech firms investing in

renewable energy to power their data centers.

The Clear Fork project, located near San Antonio, is

expected to become operational by 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, Enbridge's ( ENB ) executive vice president of corporate strategy

and president of power.

Project construction is already underway and Enbridge ( ENB )

expects the project to be accretive to its cash flow and

earnings starting 2027.

(Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini

Ganguli)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved