Enbridge may transfer three renewable energy assets to the Enbridge Income Fund, part of Enbridge Income Fund Holdings. The Ontario Wind, Sarnia Solar and Talbot Wind energy projects will be transferred for a total price of $1.3 billion. The fund will issue ordinary trust units to both Enbridge Income Fund Holdings and Enbridge to pay a part of the total price, while Enbridge may offer bridge debt financing for the remaining balance price. Enbridge Income Fund Holdings may also undertake a public equity offering to fund its subscription of the units.
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