Meta (META, Financial) lands a $900 million boost for its “Clear Fork” solar project in Texas thanks to Enbridge's investment. Enbridge (ENB, Financial) will fund 600 MW of solar capacity, cementing a long‑term deal for Meta to buy 100 % of the green power for its data centers.
The project, slated to go live by 2027 near San Antonio, reflects a broader tech pivot toward renewable energy to power AI and cloud operations. Enbridge says Clear Fork will add accretive cash flow and earnings once online.
META stock has climbed 21 % this year, while ENB shares are up 9 % on the back of growing clean‑energy investments.
“Clear Fork demonstrates the growing demand for renewable power across North America from blue‑chip companies involved in technology and data center operations,” Enbridge said in a release. Meta joins Apple (AAPL, Financial), Google (GOOG, Financial) and Microsoft (MSFT, Financial) in signing long‑term power purchase agreements as AI workloads surge and sustainability targets tighten.