May 9 (Reuters) - Enbridge Inc ENB.TO :
* PRESS RELEASE - ENBRIDGE TO SELL 49 PERCENT OF ITS INTERESTS IN SELECT RENEWABLE POWER ASSETS FOR $1.75 BILLION
* ENBRIDGE TO SELL 49 PERCENT OF ITS INTERESTS IN SELECT RENEWABLE POWER ASSETS FOR $1.75 BILLION
* ENBRIDGE INC - ASSETS BEING CONTRIBUTED BY ENBRIDGE TO JV INCLUDE ALL OF ENBRIDGE'S CANADIAN RENEWABLE POWER ASSETS
* ENBRIDGE INC - ENBRIDGE AND ITS AFFILIATES WILL CONTINUE TO MANAGE, OPERATE AND PROVIDE ADMINISTRATIVE SERVICES FOR RENEWABLE POWER ASSETS
* ENBRIDGE INC - EXPECTS TO RETAIN ITS INTERESTS IN CERTAIN OTHER U.S. RENEWABLE POWER ASSETS, WHICH MAY BE MONETIZED OR SOLD AT A LATER DATE
* ENBRIDGE INC - CO, CPPIB ENTERED INTO DEAL WHEREBY PARTIES WILL FORM A 50-50 JV FOR PURSUIT OF FUTURE EUROPEAN OFFSHORE WIND PROJECTS
* ENBRIDGE - UNDER TERMS , CPPIB WILL FUND ITS 49 PERCENT PRO-RATA SHARE OF REMAINING CONSTRUCTION CAPITAL REQUIRED TO COMPLETE HOHE SEE PROJECTS
* ENBRIDGE INC - ENBRIDGE ANTICIPATES A MINIMAL AMOUNT OF CASH TAXES ARISING FROM SALE OF RENEWABLE ASSETS
* ENBRIDGE INC - DEAL WILL ALSO ELIMINATE $500 MILLION OF EQUITY CAPITAL REQUIREMENT PREVIOUSLY INCLUDED IN FUNDING PLAN
* ENBRIDGE INC - ENBRIDGE AND ITS AFFILIATES WILL CONTINUE TO MANAGE, OPERATE AND PROVIDE ADMINISTRATIVE SERVICES FOR THE RENEWABLE POWER ASSETS