POWER Magazine•11 days ago
ENGIE, Meta Expand PPAs with New 600-MW Solar Project
Key Takeaway
This expansion underscores the ongoing trend of major tech companies leveraging large-scale solar PPAs to meet their ambitious renewable energy targets and power their growing infrastructure, particularly in key markets like Texas.
AI Summary
- •Meta and ENGIE are expanding their PPA relationship with a new 600 MW solar project in Texas, bringing their total contracted capacity to over 1.3 GW across four projects.
- •This deal highlights the continued strong demand from large technology companies (like Meta) for significant, long-term renewable energy PPAs to power their operations, likely datacenters.
- •For developers, this signals a robust market for utility-scale solar projects in ERCOT, driven by corporate off-takers seeking decarbonization and price certainty.
- •Large power consumers can observe Meta's strategy of securing substantial renewable energy capacity through direct PPAs as a model for meeting sustainability goals and managing energy costs.
Topics
solarercotdatacenterppa
Article Content
ENGIE North America said it has entered into additional power purchase agreements (PPAs) with technology group Meta that will increase the overall scale of the commercial relationship between the two companies to more than 1.3 GW across four Texas projects. The post ENGIE, Meta Expand PPAs with New 600-MW Solar Project appeared first on POWER Magazine .