Meta Partners with RWE for Solar Power in US

• Meta Platforms Inc partners with RWE AG to power its operations with green electricity from solar parks in the US, supporting its commitment to renewable energy.

German energy group RWE AG has secured agreements to supply Meta Platforms Inc with green electricity from 374 MW of solar parks in the US. Meta, the owner of Facebook, will receive power from RWE's County Run solar project in Illinois and the Lafitte project in Louisiana under long-term power purchase agreements. Both projects are expected to be operational by late 2025.

The partnership with RWE aligns with Meta's goal of powering its global operations with 100% renewable energy. The company's head of renewable energy, Urvi Parekh, emphasized the importance of working with renewable energy providers like RWE to bring new solar projects online. This move reflects Meta's commitment to sustainable energy procurement practices.

How will RWE's solar parks in the US benefit Meta Platforms Inc?

• The solar parks in the US will provide Meta Platforms Inc with a reliable source of green electricity to power its operations.
• By sourcing renewable energy from RWE's solar projects, Meta will be able to reduce its carbon footprint and contribute to its goal of using 100% renewable energy.
• The long-term power purchase agreements with RWE will provide Meta with stable and predictable energy costs, helping the company to manage its expenses effectively.
• Partnering with RWE on these solar projects demonstrates Meta's commitment to sustainable energy procurement practices and environmental responsibility.
• The County Run solar project in Illinois and the Lafitte project in Louisiana are expected to be operational by late 2025, allowing Meta to start benefitting from clean energy in the near future.