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This is the third such deal between EDP Renewables and Meta, bringing the total procured energy between the two companies to 545 MW.
Meta has reached a long-term power purchase agreement with EDP Renewables North America to offtake energy from Cypress Knee Solar, a 250-MW solar project EDP plans to build in southeast Arkansas, the companies announced Monday.
EDP anticipates that the project will be completed in 2028, according to the release. EDP said in a fact sheet about the project that it is estimated to begin commercial operations next year.
Cypress Knee Solar is “expected to contribute more than $25 million in additional funding to Chicot County over the project’s 30-year life through an Industrial Revenue Bond agreement with the County,” the company said in an open house presentation.
This is the third such deal between EDP Renewables and Meta, according to the release, bringing the total procured energy between the two companies to 545 MW.
“The agreement supports Meta’s efforts to add new generation to the grid as it continues to match 100% of its annual electricity use with new clean and renewable energy,” the release said.
Meta says on its website that the company “routinely” partners with energy providers on long-term PPAs “to match our electricity use with clean and renewable energy.” In December, the company announced a deal with NextEra Energy for 11 PPAs to facilitate the offtake of 2.1 GW.
Chicot County, where Cypress Knee Solar will be built, borders Louisiana, where Meta is making significant investments in energy infrastructure to support its $27-billion Hyperion data center in Richland Parish in the northeastern part of the state. In March, Entergy Louisiana announced that it reached a deal with Meta to deliver 5.2 GW of natural gas capacity to help support the Hyperion project.
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Active managed charging can delay costly system upgrades while saving individual customers money on their bills, utilities, automakers and aggregators say, but a lack of standardized data-sharing is slowing adoption.
The utility will supply a 1.4-GW Oracle data center under construction now, and it has submitted contracts to regulators for a 1-GW Google project also in the works.
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The utility will supply a 1.4-GW Oracle data center under construction now, and it has submitted contracts to regulators for a 1-GW Google project also in the works.
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