Meta has entered into a new power purchase agreement (PPA) with ENGIE to offtake the entire output from a 600 MW solar project in the US. The agreement pertains to ENGIE’s Swenson Ranch solar farm, located in Stonewall County, Texas. The project is scheduled to be commissioned in 2027. Under the PPA, Meta will source 100 per cent of the electricity generated from the project to power its data center operations across US.
Furthermore, the project is also expected to contribute to the local economy by creating around 350 jobs during construction and generating approximately $160 million in tax revenues over its operational life. With this deal, the cumulative capacity of renewable energy projects developed by partnership between ENGIE and Meta has now surpassed 1.3 GW, spanning four large-scale renewable assets in Texas.
Earlier this month, ENGIE entered into a 15-year PPA with Apple to expand its renewable energy operations in Italy. Under the agreement, ENGIE will develop two wind farms with a combined capacity of 74 MW, along with one 11 MW wind repowering project, and two agrivoltaic solar plants totalling 88 MW. All projects, located in southern Italy, have been authorised and are scheduled to become operational between 2026 and 2027. The cumulative installed capacity of these projects will be 173 MW.
REGlobal’s Views: Meta has been expanding its renewable energy procurement in the US and has signed many PPAs with renewable energy companies like Pine Gate Renewables, Adapture Renewables and others in the recent months to support the decarbonisation of data center operations. The company has a goal to meet its electricity usage with 100% renewable energy and these PPAs will help the company to achieve its targets.