Meta and Zelestra Forge New Solar Energy Agreements in Texas

Author: Caleb Price Updated: 01-28-2025 11:18 AM

Meta and Zelestra Strengthen Renewable Energy Partnership

In a significant move towards sustainable energy, Meta has expanded its relationship with Zelestra, leading to the development of four new solar projects in Texas. These agreements will notably produce a robust total of 595 MWac, enhancing Meta’s commitment to operating its data centers using 100% clean and renewable energy sources.

Details of the New Solar Projects

Under the newly established Energy Access Purchase Agreements (EAPAs), the solar projects will supply electricity to the Electric Reliability Council of Texas (ERCOT) grid. These initiatives are aimed at bolstering Meta's operational sustainability by ensuring that electricity needs are met with renewable sources. Each project is strategically located in various counties, including Hopkins, Lamar, Lampasas, and Henderson.

Comments from Meta's Leadership

Urvi Parekh, the Head of Global Energy at Meta, expressed excitement about the partnership, stating, “We are enthusiastic about these solar projects with Zelestra. This renewable energy will not only support our data center operations but also contribute significantly to our ongoing mission to achieve 100% renewable electricity usage.”

Growth of Zelestra's Portfolio

Phillip North, CEO of Zelestra US, shared his perspectives on the expanded partnership, noting, “We are thrilled to have tripled our collaboration with Meta. This agreement reflects our mutual dedication to accelerating decarbonization. Furthermore, it is a vital component of our broader objective to double our total contracted renewables portfolio across the United States in the upcoming two years.”

Zelestra's Expanding Influence in Renewable Energy

Zelestra continues to broaden its footprint in the renewable energy sector across various states in the U.S. Presently, it is advancing nearly 6.6 GWdc of renewable projects. This remarkable growth exemplifies Zelestra's commitment to sustainable energy solutions that contribute positively to the environment.

About Zelestra

Zelestra operates a vast portfolio consisting of 28 GW of carbon-free projects across 13 countries. The company specializes in the development, commercialization, construction, and operational management of large-scale renewable energy projects. With a dedicated workforce of around 1,000 professionals worldwide, Zelestra is particularly well-supported by EQT, one of the globe's largest fund managers, overseeing assets exceeding €246 billion.

Frequently Asked Questions

What are the new projects Meta and Zelestra are launching?

Meta and Zelestra are launching four new solar projects in Texas, totaling 595 MWac to support data center operations with renewable energy.

How do these projects benefit Meta?

These projects will allow Meta to operate its data centers on 100% clean energy, fulfilling its commitment to sustainability.

What is Zelestra's role in renewable energy?

Zelestra specializes in developing and managing large-scale renewable energy projects, indicating its commitment to a cleaner energy future.

How significant is this partnership for Zelestra?

This partnership is significant as it triples the size of Zelestra's collaboration with Meta and supports its goal of doubling its renewable portfolio in the U.S.

Where are the new solar energy projects located?

The solar projects are located in Hopkins, Lamar, Lampasas, and Henderson Counties in Texas.

About The Author

Hey there I'm Caleb Price, a writer and financial specialist who loves to assist others in understanding the financial world. Having years of practical experience and a solid background in finance, my area of expertise is converting difficult financial ideas into useful, doable insights for my blog and publications. My goal with my writing is to give readers the information and assurance they need to successfully negotiate their financial journeys.

My ability to interact with a wide range of people—from novices starting their investing journey to seasoned investors looking for new approaches—has come from contributing to several financial blogs. Making money approachable and understandable is my goal; this will enable you to make wise choices and realize your financial objectives. We appreciate you coming along on this path to success and financial empowerment on Investors Hangout.

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