Enbridge, the Canadian energy company, recently announced that it is moving forward with an 815-megawatt (MW) solar project called Sequoia in Texas. When completed, it will be one of the largest solar farms in North America. The price of the project is $1.1 billion.
Enbridge's Sequoia, located 150 miles west of Dallas, has already secured long-term power purchase agreements (PPAs) with AT&T and Toyota, ensuring that much of its output is sold for years to come. The deal was highlighted in Enbridge's third quarter report on Friday.
The Sequoia will be built in two phases, with capacity expected to begin moving in 2025 and 2026. Enbridge says it has taken steps to mitigate risk by securing equipment and procurement contracts early. Permits and purchase orders are also closed.
Toyota's PPA with Enbridge's Texas solar project is part of Toyota's broader plan towards sustainability, as the automaker aims to achieve net zero by 2035 and match 45% of its energy purchases with renewable electricity by 2026 as still sticking to its “diversified powertrain strategy. “
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