SUNYA Energy

Invenergy to Provide over 760MW in Renewable Energy, Supporting Meta's Energy needs in line with its Clean and Renewable Energy Goals

December 5, 2024
SUNYA Summary
- Total procured clean energy between Meta and Invenergy now exceeds 1 gigawatt. - New agreement includes four Invenergy-developed solar facilities totaling 760 MW of clean energy. - Meta has signed Environmental Attribute Purchase agreements with Invenergy to secure this renewable energy. - Invenergy's Executive Vice President of Origination emphasized the importance of delivering long-term clean energy solutions as energy demand increases. - Invenergy takes pride in supporting Meta's clean energy goals, while also contributing to local economic benefits through job creation. - Meta acknowledges the surpassing of the 1 GW milestone in renewable energy procurement from Invenergy as a reflection of its commitment to clean energy. - Meta aims to support all operations with 100% clean energy with the help of Invenergy's long-term collaboration. - The solar energy centers included in the contracts are located in Ohio, Texas, New Mexico, and Arkansas, with expected commercial operations scheduled between 2024 and 2027. - The electricity generated will enhance regional reliability and bring new generation capacity online for local grids. - Invenergy is dedicated to providing cleaner, more reliable, and affordable energy, operating renewable energy projects across multiple continents. - The company has developed over 32,000 megawatts of renewable energy projects, including wind and solar energy, and advanced energy storage solutions.
PRESS RELEASE
Invenergy to Provide over 760MW in Renewable Energy, Supporting Meta's Energy needs in line with its Clean and Renewable Energy Goals:
  • Total procured clean energy between the two companies now exceeds 1 gigawatt
  • New agreement contracted through four Invenergy-developed solar facilities

MENLO PARK, Calif. and CHICAGO, Dec. 5, 2024 /PRNewswire/ -- Meta Platforms, Inc (Nasdaq: META) announced it has signed four contracts with Chicago-based energy owner, operator and developer, Invenergy, for 760 MW of clean energy. These new Environmental Attribute Purchase agreements (EAPAs) bring Meta's total clean energy procurement from Invenergy to over 1 GW.

"Energy demand is soaring—and Invenergy is excited to work with Meta to deliver long-term, clean energy solutions to support their operations," said Ted Romaine, Invenergy Executive Vice President of Origination. "As the largest privately held clean energy owner, operator and developer, we're pleased that Invenergy's utility-scale solar projects can contribute to meeting Meta's clean energy goals, while also providing good-paying jobs and generating millions in local economic benefits."

"Surpassing the 1 GW milestone in renewable energy procurement from Invenergy is a testament to Meta's commitment to matching our growing power needs with clean energy," said Urvi Parekh, Meta's Head of Global Energy. "We're grateful for Invenergy's long-term collaboration. These projects will help us continue our commitment to support all of our operations with 100% clean energy."

Meta's EAPAs are contracted through four Invenergy-developed facilities strategically located across the U.S. to meet soaring energy demand with domestically produced electricity. These solar energy centers include:

  • Hardin II Solar (OH) - 150 MW – Expected Commercial Operations 2024
  • Delilah II Solar (TX) - 150 MW – Expected Commercial Operations 2025
  • Tip Top Solar (NM) - 110 MW – Expected Commercial Operations 2026
  • Chalk Bluff Solar (AR) - 350 MW – Expected Commercial Operations 2027

The electricity from these projects will be delivered to the local grid, increasing regional reliability by delivering power to nearby homes and businesses, while Meta will receive clean energy credits for bringing new generation capacity online.

About Invenergy

Invenergy is accelerating cleaner, more reliable, affordable energy. Invenergy and its affiliated companies develop, build, own, and operate large-scale renewable and other clean energy generation, transmission and storage facilities in the Americas, Europe, and Asia. Headquartered in Chicago, Invenergy has regional development offices in the United States, Canada, Mexico, Spain, Japan, Poland, and Scotland.

Invenergy and its affiliated companies have successfully developed more than 32,000 megawatts of projects that are in operation, construction or contracted, including wind, solar, transmission infrastructure and natural gas power generation and advanced energy storage projects.

SOURCE Invenergy