The Calgary-based pipeline operator will acquire Dallas-based Tri Global Energy, which owns assets generating seven gigawatts of wind and solar power, according to a press release. (The Logic)

Talking point: Enbridge CEO Al Monaco said in a statement the acquisition would blend well with the company’s existing holdings. While oil and gas pipelines make up the majority of Enbridge’s business, it also has a sizable renewable power portfolio including 23 wind farms, 17 solar facilities, one geothermal project and five waste heat recovery facilities. Enbridge said it continues to see a robust market for renewable power in the U.S., as tighteting state-level environmental standards will “drive investment in wind and solar power generation significantly higher in the next decade.”