Meta Locks Texas Solar Environmental Attributes Deal

• Sabancı Renewables inks a long-term PPA with Meta: 220MW Texas solar projects will supply 100% environmental attributes, boosting 3GWp targets as financing, EPC and panels align for 2027 delivery.

Sabanci Renewables, a wholly owned subsidiary of Turkey’s Sabanci Holding, said it signed a long-term power purchase agreement with Meta Platforms to buy the environmental attributes from two solar projects in Texas totaling 220 MWac.

The deal covers 100-MWac/130-MWdc Lucky 7 Solar and 120-MWac/156-MWdc Pepper Solar, expected to be completed in the second half of 2027. Meta will purchase 100% of the environmental attributes produced by the projects. Sabanci Renewables said it recently secured debt and equity financing for the Texas pair, supporting its target to reach 3 GWp of installed capacity. Signal Energy is providing EPC services, while Waaree Energies supplies the solar panels.

How will Sabanci Renewables’ 220MW Texas solar PPAs supply Meta’s environmental attributes?

• Under a long-term power purchase agreement, Meta buys the renewable environmental attributes that are generated alongside electricity from Sabanci Renewables’ two Texas solar facilities, with the contract covering 100% of those attributes from each project.
  
• The attributes will be tied to renewable generation from Lucky 7 Solar (100 MWac) and Pepper Solar (120 MWac), with the projects collectively scaling to a 220 MWac supply of clean power-linked attributes.
  
• Because the deal is structured around a dedicated transfer of environmental attributes (rather than only physical electricity delivery), Meta can claim the renewable benefits associated with the energy produced by the Texas sites.
  
• The environmental attributes are expected to be transferred as the plants come online (planned completion in the second half of 2027), aligning attribute supply with the operating output of the two arrays.
• Meta’s acquisition of 100% of the attributes means there is no sharing of the renewable claims from these specific projects, allowing for complete attribution toward Meta’s sustainability reporting and target-setting.