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ENGIE and Meta Announce 260 MW RE Agreement to Support Net Zero Goals

ENGIE and Meta have signed a 260 MW Environmental Attributes Purchase Agreement for the Sypert Branch solar project in Texas, supporting Meta's net zero targets. The project is scheduled to start operating from 2025. The project will bring USD 69 million in local tax revenue.

November 01, 2024. By EI News Network

ENGIE North America and Meta have announced a significant Environmental Attributes Purchase Agreement (EAPA), under which ENGIE will supply 260 MW of renewable energy from its Sypert Branch solar project in Milam County, Texas.

This project, located near Meta’s data center in Temple, Texas, will directly support Meta's net zero emissions objectives. The project is expected to commence operation by late 2025, the Sypert Branch facility will be entirely dedicated to Meta, supplying 100 percent of its output to meet Meta’s expanding power requirements. Developed, constructed, and operated by ENGIE, the project will contribute to Meta’s total of over 12 GW of renewable energy procurement to date.

“We are delighted to announce this agreement to work with Meta by providing renewable power that supports their growth and aligns with their net zero commitments,” said Dave Carroll, Chief Renewables Officer and SVP, ENGIE North America. He further added, We are proud that ENGIE’s proven track record in developing, building and operating renewable assets puts us at the forefront of the energy transition and this agreement with Meta recognises the importance of that track record to our customers.”

“We are delighted to be collaborating with ENGIE to make the clean energy transition a reality through projects like Sypert Branch,” said Urvi Parekh, Head of Clean Energy, Meta and further added, “Since 2020, we have maintained net zero emissions in our global operations – these efforts are supported by relationships such as those with ENGIE who can consistently deliver and operate projects like Sypert Branch to help meet our energy needs.”

The project, set to employ over 300 local workers during construction, will generate an estimated USD 69 million in tax revenues over its lifespan, including USD 45 million earmarked for local school districts. This agreement also helps ENGIE close in on 1 GW of corporate power purchase agreements in the U.S. for 2024, cementing its position as a top developer in renewable energy PPAs.

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Business

ENGIE

Environmental Attributes Purchase Agreement

EAPA

Sypert Branch solar project

Milam County