- Meta (NASDAQ:META) signs four clean energy agreements with Invenergy, adding 791 MW.
- The agreements nearly double their renewable energy capacity to 1,800 MW.
- New facilities located in Ohio, Arkansas, and Texas to begin operations between 2027-2028.
Meta Platforms, Inc. (NASDAQ:META) has announced a significant expansion of its clean energy portfolio by signing four new agreements with Invenergy. These agreements will provide an additional 791 megawatts (MW) of solar and wind energy, nearly doubling Meta's previous clean energy procurement from 1,000 MW to 1,800 MW. This expansion is a strategic move to support its growing data center operations and ambitious AI initiatives, highlighting the company's commitment to sustainability.
The new agreements involve the development of four energy facilities across key states. Ohio will host two solar centers with a combined capacity of 440 MW, Arkansas will feature a 155 MW solar facility, and Texas will include a 196 MW wind energy center. These facilities are expected to commence operations between 2027 and 2028, delivering power to local grids while Meta receives clean energy credits.
According to Meta's Head of Global Energy, Urvi Parekh, securing clean, reliable energy is crucial for advancing the company's AI ambitions. The strategic geographic distribution of these projects not only supports Meta's expanding infrastructure but also aligns with growing data center demands in these regions. This move positions Meta to mitigate future energy procurement risks in an increasingly competitive renewable energy market.
Invenergy's Executive Vice President of Origination, Ted Romaine, emphasized the importance of cleaner and affordable energy in maintaining competitive advancements in technologies like AI. As the largest privately held developer of clean energy solutions in the U.S., Invenergy continues to play a pivotal role in supporting Meta's clean energy goals and broader efforts toward energy independence and economic prosperity.
