PRIMM, NEVADA--(Marketwire - May 7, 2012) - Enbridge Inc. (TSX:ENB) (NYSE:ENB) and First Solar, Inc. (NASDAQ:FSLR) announced today the completion of Enbridge Inc.'s 50-megawatt (AC) Silver State North Solar Project in Clark County, Nevada.
U.S. Secretary of the Interior Ken Salazar dedicated the first utility-scale solar facility built on public lands at a ceremony today near the community of Primm.
The photovoltaic plant created over 380 construction jobs, and will produce enough renewable energy to power about 9,000 Nevada homes, displacing some 42,000 metric tonnes of CO2 per year, and taking the equivalent of about 8,000 cars off the road.
"Today is about making believers out of skeptics," said Secretary of the Interior Ken Salazar. "As the first solar project on U.S. public lands completed and ready to deliver energy to thousands of homes across Nevada, the Silver State North Solar Project is really at the forefront of our nation's clean energy economy. I applaud the work and vision of many that have made this day a reality, including the Bureau of Land Management, the State of Nevada, First Solar and Enbridge."
"While traditional energy sources will be with us for a long time, it's clear that, over time, we are transitioning to a lower carbon-intensive economy," said Al Monaco, President, Enbridge Inc. "To that end, Enbridge has invested almost $3 billion in wind, solar, geothermal, waste heat recovery, fuel cell and a host of other alternative energy technology projects that, together, have the capacity to generate almost 1,000 megawatts of emissions-free energy. We are proud to celebrate one of our latest investments, and are particularly pleased that Secretary Salazar was able to join us to launch Silver State North.
"Along with our investment, Silver State North was made possible through the Nevada Government's Renewable Portfolio Standards Program, the Federal Government's incentive program under the 2009 American Recovery and Reinvestment Act, and the long-term contract that Enbridge has with NV Energy," Mr. Monaco added. "We are also grateful to First Solar for building this project in such an environmentally responsible way."
"We are very pleased to bring on line the first utility-scale PV solar project on Bureau of Land Management (BLM) land in Nevada, which would not have been possible without support from the Department of the Interior and the hard work and dedication of county, state and BLM officials," said Frank De Rosa, First Solar Senior Vice President for Business Development, the Americas. "This is a project built by Nevadans that will use a Nevada natural resource, plentiful desert sun, to generate clean, renewable energy."
Enbridge acquired Silver State North in March 2012. First Solar developed and constructed the facility using its advanced thin film photovoltaic modules, and will operate and maintain the project for Enbridge. First Solar expects to recognize revenue from Silver State North in the second quarter of 2012. NV Energy will purchase the facility's output under a 25-year Power Purchase Agreement.
About Enbridge
Enbridge Inc., a Canadian company, is a North American leader in delivering energy and one of the 2012 Global 100 Most Sustainable Corporations. As a transporter of energy, Enbridge operates, in Canada and the U.S., the world's longest crude oil and liquids transportation system. The Company also has a growing involvement in the natural gas transmission and midstream businesses, and is expanding its interests in renewable and green energy technologies including wind and solar energy, hybrid fuel cells and carbon dioxide sequestration. As a distributor of energy, Enbridge owns and operates Canada's largest natural gas distribution company, and provides distribution services in Ontario, Quebec, New Brunswick and New York State. Enbridge employs approximately 6,900 people, primarily in Canada and the U.S. and is ranked as one of Canada's Greenest Employers, and one of the Top 100 Companies to Work for in Canada. Enbridge's common shares trade on the Toronto and New York stock exchanges under the symbol ENB. For more information, visit enbridge.com
About First Solar, Inc.
First Solar is a leading global provider of comprehensive photovoltaic (PV) solar systems which use its advanced thin-film modules. The company's integrated power plant solutions deliver an economically attractive alternative to fossil-fuel electricity generation today. From raw material sourcing through end-of-life module collection and recycling, First Solar's renewable energy systems protect and enhance the environment. For more information about First Solar, please visit www.firstsolar.com.
For First Solar Investors
This release contains forward-looking statements which are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release do not constitute guarantees of future performance. Those statements involve a number of factors that could cause actual results to differ materially, including risks associated with the company's business involving the company's products, their development and distribution, economic and competitive factors and the company's key strategic relationships and other risks detailed in the company's filings with the Securities and Exchange Commission. First Solar assumes no obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.
Downloadable photographs and video clips are available at www.enbridge.com/silverstatemedia
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