Meta, Engie’s $900M Solar Deal Reshapes Renewable Energy Landscape

The escalating battle over renewable energy certificates (RECs)

In this episode I’m joined by Wilson Ricks and Killian Daly, who are involved in the process of updating the Greenhouse Gas Protocol that governs (among other things) corporate clean-energy procurement. We explore the proposed shift to requiring hourly, local matching for Renewable Energy Certificates (RECs), a change designed to end the “race to the bottom” where companies buy cheap, low-impact RECs to paper over the fact that being “100 percen…

Meta, Engie’s $900M Solar Deal Reshapes Renewable Energy Landscape

Meta and Engie North America have inked a series of power purchase agreements (PPAs) that could reshape the renewable energy landscape in Texas and beyond. The most notable of these is a deal for Engie to supply 100% of the energy produced from its largest-ever solar project, the 600 MW Swenson Ranch Solar project, to power Meta’s data center operations. This agreement alone could catalyze a… Source

Meta Buys 100% of Renewable Energy from New $900 Million Texas Solar Project

Facebook, Instagram, and WhatsApp owner Meta and Engie North America announced that they have signed new purchase power agreements (PPAs), including a PPA which will see Engie supplying 100% of the energy produced from its largest-ever solar project to power Meta’s data center operations in Texas. The new agreement will increase the overall scale of […]

ENGIE signs PPA with Meta for Swenson Ranch solar project in Texas

ENGIE has signed a power purchase agreement (PPA) with Meta to supply electricity generated by the Swenson Ranch solar farm, situated in Stonewall County, Texas, US.