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UPDATE: Enbridge Set To Close Lower, Hit Yr Highs Earlier On Plans To Buy 50% Interest in Massif du Sud Wind Project for $170 Mlon

Enbridge Inc. (ENB.TO) is set to close slightly lower after earlier hitting new year highs amid news it has entered into an agreement with the Canadian arm of Paris-listed Electricite de France to acquire a 50% interest in the 150-megawatt ( MW ) Massif du Sud Wind Project in Quebec for C$170 million.

Construction began in November 2011, and is expected to be completed in December 2012. When fully operational, the project will generate enough clean electricity to meet the needs of about 35,000 homes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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