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DTE completes 100MW Cold Creek Solar Park to support Ford's 100% renewable energy goal in Michigan

Market News
01 Oct 2026, 19:00 WIB
PRNewsWire
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Bullish
DTE completes 100MW Cold Creek Solar Park to support Ford's 100% renewable energy goal in Michigan

DTE Energy has finished building the 100-megawatt Cold Creek Solar Park in Michigan, a key step in Ford Motor Company's plan to use 100% renewable energy for its Michigan vehicle production by 2027. Funded through Ford's participation in DTE's MIGreenPower program, the solar park contributes to Michigan's clean energy goals and supports local jobs and tax revenue. This project exemplifies collaboration between energy providers and customers to advance renewable energy infrastructure and reduce carbon emissions. DTE aims to meet Michigan's target of 60% renewable energy by 2035 and achieve net zero carbon emissions in the long term.

Ford Motor Company shares are trading at USD 12.07 as of Oct 01, 2026 23:13 WIB on Pluang, closer to their 52-week low of USD 11.21 than the high of USD 17.44. Despite the recent positive news on renewable energy initiatives like the Cold Creek Solar Park, Ford's stock shows a modest 1-day gain of 0.21% and a dividend yield of 4.98%, with more sellers than buyers at 72% to 28%. This contrast highlights the cautious market sentiment around Ford's consumer cyclical sector position.

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