Meta purchases 760MW of Renewable Energy Credits from Invenergy

Zachary Skidmore | Source: Data Center Dynamics | Posted 12/06/2024

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The projects will connect to the power grid between 2024 and 2027 and will be located in Ohio, Texas, New Mexico, and Arkansas. Meta has signed several PPAs across the US market in 2024. In November, Meta signed a long-term PPA with rPlus Energies for 100 percent of the capacity of the 125MW Pleasant Valley Solar 2 project to Meta. The project is expected to begin construction in late 2024.

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Meta has agreed to purchase 760MW of Renewable Energy Credits (REC) from Invenergy's solar projects in the US. The projects in Ohio, Texas, New Mexico, and Arkansas are set to connect to the grid between 2024 and 2027, with Meta aiming to support all its operations with 100 percent clean energy.

RECs allow companies to buy a representation of energy generated from renewable sources, transferring the "renewable" aspects to the owner. While some see RECs as a lower-quality investment lacking guarantees on consumption or capacity, Meta has also signed Power Purchase Agreements across various US markets as a more sustainable alternative to support its operations, including a recent agreement with rPlus Energies for the Pleasant Valley Solar 2 project in Idaho.

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Meta purchases 760MW of Renewable Energy Credits from Invenergy

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