Enbridge share sale raises C$350m

Enbridge, Canada’s largest generator of solar energy, has raised C$350m ($325.8m) from its now closed offering for Series 13 preferred shares.

The shares began trading today on the Toronto Stock Exchange.

The Calgary-based company says it will net proceeds to partially fund capital projects, reduce debt and for other general corporate purposes.

Enbridge is actively looking to acquire wind projects in both the US and Canada, where it is the second leading wind energy generator.