Enbridge finalizes $900 million investment for 600 MW Clear Fork solar project in Texas, targeting completion in summer 2027.
Meta Platforms signs long-term agreement to procure 100% of the renewable output for its data center operations.
Project expected to boost Enbridge’s earnings and cash flow from 2027 under a low-risk, accretive model.
Enbridge Inc. has reached a final investment decision on Clear Fork, a 600-megawatt utility-scale solar project in Texas designed to supply clean energy to Meta Platforms, Inc. for its data center operations.
Located near San Antonio, Clear Fork is expected to be operational by summer 2027 and will be backed by a long-term power purchase agreement (PPA) with Meta for 100% of the renewable output. The project represents a US$900 million investment and will contribute to Enbridge’s cash flow and earnings per share starting in 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, Executive Vice President, Corporate Strategy, & President, Power at Enbridge. “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.”
Urvi Parekh, Head of Global Energy at Meta, added: “We are thrilled to partner with Enbridge to bring new renewable energy to Texas and help support our operations with 100% clean energy.”
The Clear Fork project aligns with Enbridge’s strategy to scale its renewables portfolio in North America through commercial partnerships and disciplined capital deployment. Forward-looking statements from the company indicate expected economic, environmental, and strategic benefits from the project, while acknowledging construction and market-related risks.
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Enbridge emphasized that the project’s execution depends on factors such as supply chain stability, construction costs, regulatory approvals, and energy market dynamics. All forward-looking statements in this announcement are subject to the full scope of risks and uncertainties detailed in the company’s regulatory filings in Canada and the U.S.
Clear Fork builds on Enbridge’s momentum in sustainable infrastructure and further cements Meta’s position as a major corporate buyer of renewable energy.
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