Sub Markets

Property Sectors

Topics

Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
New call-to-action
Cross Border News  + Industrial  | 
Rendering of a Meta data centre.

Enbridge to Invest $900M in Meta Large Texas Solar Project

Enbridge has made a final investment decision to invest US$900 million on a 600-megawatt utility-scale solar project in Texas to supply renewable energy to Meta’s data-centre operations.

The Calgary-based company said the Clear Fork solar facility, located near San Antonio, is already under construction and scheduled to enter service in summer 2027.

Meta has signed a long-term agreement to purchase 100% of the power generated by the project, which Enbridge estimates will cost US$900 million.

“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 executive vice-president of corporate strategy and head of its power business. “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.”

The company expects the development to be accretive to cash flow and earnings per share starting in 2027.

“We are thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy,” said Urvi Parekh, Meta’s head of global energy.

Rendering: Meta

Connect

Inside The Story

Matthew AkmanEnbridge

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Development
  • ◦Financing
New call-to-action
New call-to-action