RWE and Meta have announced a new power purchase agreement (PPA) under which Meta will offtake 100% of the output from RWE's 200MW Waterloo Solar project in Bastrop County, Texas. The project is expected to begin onsite construction in late 2025.
This agreement marks the third long-term contract between the two companies in recent months, bringing the total combined energy offtake to 574MW from projects located in Texas, Illinois, and Louisiana.
Previously, RWE had secured two PPAs with Meta for its 274MW County Run Solar project in Illinois and its 100MW Lafitte Solar project in Louisiana.
Christoph Hunfeld, Chief Commercial Officer for RWE Clean Energy, highlighted the importance of the partnership in supporting electricity generation across the United States. “RWE's partnership with Meta underscores the importance of unleashing American electricity generation from all sources to support load growth in Texas and across the US,” Hunfeld said. “These collaborations enable us to continue investing in communities across America like Bastrop County, helping to stimulate job creation and economic prosperity, while simultaneously helping companies like Meta match the electricity use of their operations with clean and renewable energy.”
Urvi Parekh, Head of Global Energy at Meta, expressed enthusiasm about the ongoing collaboration, stating, “We're excited to expand our partnership with RWE and look forward to the Waterloo solar project coming online.”
The agreement between RWE and Meta is part of a broader trend of large companies securing renewable energy sources to meet sustainability goals while supporting local economic development.
