Enbridge (TSX:ENB) Snaps Up Tri Global Energy for $27M
Enbridge Inc. (NYSE:ENB) (TSX:ENB) has acquired Tri Global Energy for a total consideration of $27 million that includes cash as well as assumed debt. Based in Canada, Enbridge is an energy infrastructure company that transports crude and other liquid hydrocarbons. The pipeline giant is also engaged in renewable power generation, gas distribution and storage as well as energy marketing services. TGE is a leading renewable project developer and is the third largest onshore wind developer in the US. Its development portfolio boasts of wind and solar projects of more than 7 GW of renewable generation capacity. For the coming years, Enbridge is bullish on the renewable power fundamentals in the U.S.
Enbridge (TSX:ENB) Snaps Up Tri Global Energy for $27M
Enbridge Inc. (NYSE:ENB) (TSX:ENB) has acquired Tri Global Energy for a total consideration of $27 million that includes cash as well as assumed debt. Based in Canada, Enbridge is an energy infrastructure company that transports crude and other liquid hydrocarbons. The pipeline giant is also engaged in renewable power generation, gas distribution and storage as well as energy marketing services. TGE is a leading renewable project developer and is the third largest onshore wind developer in the US. Its development portfolio boasts of wind and solar projects of more than 7 GW of renewable generation capacity. For the coming years, Enbridge is bullish on the renewable power fundamentals in the U.S.