Enbridge invests $200M in Texas wind power project

By VCPOST Staff Reporter

Jan 06, 2014 10:34 PM EST

Enbridge Inc announced a $200 million investment in a 110-megawatt Texas wind project, according to The Star.

The Keechi Wind Project is being constructed with Colorado-based firm Renewable Energy Systems Americas Inc, which has worked with Enbridge on three other wind facilities. Keechi Wind construction started last month and is expected to be completed in early 2015, the report detailed.

Once the facility starts commercial operations, insurance firm MetLife Inc will provide tax equity funding for the project. Power generated from Keechi Wind will be directed into the Electric Reliability Council of Texas under a 20-year power purchase deal with Microsoft Corp, the report explained.

With the latest venture, Enbridge now has over 1,800 megawatts of green electricity capacity under its portfolio. This is enough to power over 590,000 homes, the report added.

Enbridge is popular for being a major crude oil shipper in North America. The company said it has made a "neutral footprint" pledge to produce a kilowatt of renewable power for every kilowatt of conventional electricity that its pipeline operations consume, The Star reported.

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