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Enbridge is acquiring an 80 per cent stake in two wind farms near Harligen, Tex., and Elwood, Ind., that are valued at a total of $650-million (U.S.).Jupiterimages

Enbridge Inc. says it's acquiring an 80 per cent interest in two wind farms in Texas and Indiana.

The Calgary-based energy company is buying the stake from E.ON, a German power and gas company.

The companies valued the wind farms near Harligen, Texas and Elwood, Ind., at a total of US$650-million.

Both the farms have been operating since 2012, and combined, provide enough power for more than 120,000 homes.

E.ON will continue to operate and own a 20 per cent stake in the farms.

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Tickers mentioned in this story

Study and track financial data on any traded entity: click to open the full quote page. Data updated as of 27/03/24 2:16pm EDT.

SymbolName% changeLast
ENB-N
Enbridge Inc
+0.95%35.99
ENB-T
Enbridge Inc
+0.89%48.81
NB-T
Niocorp Developments Ltd
+1.96%3.65

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