Meta, the social media giant, has recently entered into a 330MW Solar Environmental Attributes Purchase Agreement (EAPA) with Adapture Renewables in the states of Arkansas and Illinois. The agreement involves Meta procuring solar energy from three upcoming solar projects being developed by Adapture Renewables in these regions.
The three solar projects are anticipated to bring about a significant economic impact, totaling more than $400 million. During the construction phase, these projects are expected to create 500 temporary jobs, with 25 full-time positions once the solar farms become operational. Notably, the chosen locations for these solar farms are former coal facilities, reflecting a broader initiative to revitalize regions previously dependent on fossil fuels, both environmentally and economically.
Urvi Parekh, Head of Renewable Energy at Meta, emphasized the company's commitment to sustainable operations, stating, “These solar projects represent an important milestone in continuing our commitment to sustainable operations. Our partnership with Adapture Renewables underscores our dedication to utilizing renewable energy to support our facilities and fostering a cleaner, greener future for all.”
Jesse Tippett, Vice President of Power Marketing Origination at Adapture Renewables, expressed pride in partnering with global corporations like Meta to drive the adoption of renewable energy. Tippett highlighted the efficiency and shared dedication between the two companies in scaling clean energy and bringing economic opportunities to the communities hosting their projects.
Adapture Renewables, based in Oakland, California, is a utility-scale solar and energy storage developer, owner, and operator. This EAPA follows Adapture's recent acquisition of three solar projects in Illinois and Arkansas from TED Renewables, likely aligning with the projects included in the Meta agreement. These solar sites are expected to be operational in 2025 and 2026, boasting a capacity of 333 MWac / 450 MWdc.
As a major consumer of renewable energy, Meta has been committed to net-zero emissions in its operations since 2020. The company's recent power purchase agreements in Ireland, Texas, Arizona, Ohio, and an existing PPA in Arkansas further solidify its dedication to sustainable energy practices.