- Meta buys green credits from four large U.S. solar energy projects developed by Invenergy to support its clean electricity goals amid increasing power needs.
- The agreement provides 760 megawatts of solar electricity—enough to power 130,000 homes—with projects connecting to the grid between 2024 and 2027 in Ohio, Texas, New Mexico, and Arkansas.
- This move is part of Meta’s broader strategy to power data centers sustainably, including deals with solar projects, a geothermal startup, and seeking proposals from nuclear power developers.
Meta Platforms Inc. has announced a deal to purchase green credits from four major U.S. solar energy projects developed by Invenergy. This strategic move aims to meet Meta’s escalating clean electricity goals as its power demands increase.
The details:
The agreement with Chicago-based Invenergy will supply Meta with 760 megawatts of solar electricity—enough to power approximately 130,000 homes. The projects are set to connect to the power grid between 2024 and 2027 and will be located in Ohio, Texas, New Mexico, and Arkansas.
“These projects will help us continue our commitment to support all of our operations with 100% clean energy,” said Urvi Parekh, Meta’s head of global energy.
Why it matters:
As Meta’s operations expand, especially its data centers, the company’s energy consumption is surging. Acquiring green credits allows Meta to offset its carbon footprint and support renewable energy initiatives without directly consuming the power.
Context: This deal is the latest in a series of announcements by Meta aimed at powering its operations sustainably.
- Earlier this year, Meta secured deals with several large solar projects.
- The company invested in a geothermal startup.
- It is seeking proposals from nuclear power developers.
New development:
Meta is also exploring nuclear energy to meet its future energy needs. The company has released a request for proposals (RFP) to identify nuclear energy developers capable of delivering 1-4 gigawatts of new nuclear generation capacity in the United States, starting in the early 2030s.
- “We are taking an open approach with this RFP so we can partner with others across the industry to bring new nuclear energy to the grid,” Meta stated in a blog post.
- The move aims to support advanced technologies like artificial intelligence, requiring robust and sustainable energy sources.
Bottom line: The company’s acquisition of green credits from these solar projects underscores its commitment to sustainable growth and aligns with its goal of supporting all operations with 100% clean energy.
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