ENGIE North America (ENGIE) and Meta have finalised an Environmental Attributes Purchase Agreement (EAPA). Under the agreement, ENGIE will supply 260 MW of renewable energy along with associated environmental attributes from the Sypert Branch solar project in Texas. This deal is line with Meta’s net zero goals.
Meta has committed to purchasing 100 per cent of the facility’s output, with operations expected to begin in late 2025. Developed, constructed, and operated by ENGIE, the Sypert Branch project is located approximately 70 miles northeast of Austin, Texas, and 10 miles from Meta’s Temple data center.
Furthermore, this plant is projected to generate over $69 million in local tax revenue over its lifetime, with $45 million allocated to two local school districts. This agreement with Meta adds to ENGIE’s North American renewable portfolio of about 8 GW in solar, wind, and battery storage projects currently operating or under construction. The deal also contributes to ENGIE’s nearly 1 GW of signed power purchase agreements (PPAs) in US for 2024 year-to-date.
REGlobal’s Views: Meta has been using 100% renewable energy for its global operations since 2020 and the company has also reportedly reached net zero emissions. This latest deal in Texas will help Meta to continue its decarbonisation efforts. Like Meta, other large tech companies including Microsoft, Amazon, Google and Infosys have also taken large steps to source renewables for their operations, as they are clean and affordable when compared to conventional fuels.
