Mr. Matthew Akman reports

EDF RENEWABLES NORTH AMERICA AND ENBRIDGE ANNOUNCE COMMERCIAL OPERATION OF FOX SQUIRREL PHASE 1

EDF Renewables North America and Enbridge Inc. have noted that phase 1 of Fox Squirrel Solar, the largest solar complex in Ohio, is fully operational and delivering decarbonized electricity to the PJM grid. Fox Squirrel Solar, a ground-mounted solar facility with total capacity of 749 MWdc (megawatts direct current)/577 MWac (megawatts alternating current), is being constructed in three phases in Madison county, Ohio. The initial phase generates 150 MWac of solar energy.

Composed of 1.4 million panels and 159 inverters in total, Fox Squirrel Solar represents the largest onshore renewable energy project developed and built by EDF Renewables North America. During peak construction of the first phase, 650 workers were on site, installing 10,000 panels per day. Enbridge invested in the first phase and plans to reach final investment decision on the following phases through 2024, assuming certain conditions are met.

The project has secured 20-year power purchase agreements with a strong investment-grade counterparty for the full generation capacity and is expected to generate enough electricity to power the equivalent of 118,000 average Ohio homes.

"The development and operation of phase 1 marks a significant milestone in our journey to drive Ohio's future with clean, decarbonized electricity," said Kate O'Hair, senior vice-president for onshore development. "This project serves as a testament to the invaluable support from the county and community, highlighting their crucial role in ensuring the project's success."

"We are pleased to bring into service the first phase of the Fox Squirrel solar project as part of our expanded strategic partnership with EDF Renewables," said Matthew Akman, executive vice-president, corporate strategy, and president, power, Enbridge. "The development of this project will support local communities and deliver clean power for our customer. The project underscores our energy transition leadership and highlights our rigorous capital allocation process, which targets projects that are immediately accretive to DCF [discounted cash flow] per share and complementary to our growth outlook."

EDF Renewables, with its extensive experience and record of success, is dedicated to providing solutions that help customers achieve their carbon-reduction goals. With 35 years of experience, and 16 gigawatts of wind, solar and storage projects developed, EDF Renewables is a leading provider of integrated energy solutions, ranging from grid-scale power to electric vehicle charging.

About Enbridge Inc.

Enbridge safely connects millions of people to the energy they rely on every day, fuelling quality of life through its North American natural gas, oil or renewable-power networks and its growing European offshore wind portfolio. Enbridge is investing in modern energy delivery infrastructure to sustain access to secure, affordable energy and building on two decades of experience in renewable energy to advance new technologies, including wind and solar power, hydrogen, renewable natural gas, and carbon capture and storage. The company is committed to reducing the carbon footprint of the energy it delivers, and to achieving net-zero greenhouse gas emissions by 2050. The company is headquartered in Calgary, Alta.

We seek Safe Harbor.