February 17, 2017 / 10:15 AM / in 8 months

BRIEF-Enbridge Partners with EnBW on 497-MW German offshore wind project

Feb 17 (Reuters) - Enbridge Inc :

* Enbridge - Company to participate in construction,operation of project. Once in service in late 2019, company’s total investment in project to be $1.7 billion

* Enbridge - Has acquired an effective 50 percent ownership in 497-megawatt (MW) Hohe See offshore wind project from EnBW, who will retain the interest

* Says project is expected to be strongly accretive in first full year of operations

* Says equity financing needs for full $1.7-billion investment have been pre-funded through financing actions completed in Q4 of 2016

* Enbridge Inc - Enbridge’s investment in 2017 will be $0.6 billion (eur0.44 billion) with remaining capital to be invested through to in-service date in 2019 Source text for Eikon: Further company coverage:

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