Adapture Renewables Inc. has agreed to supply Meta, the parent company of Facebook, with 330 MW of renewable energy from three solar projects under development in Illinois and Arkansas. The companies signed three Environmental Attributes Purchase Agreements (EAPAs) to secure the deal.
Owned by KIRKBI — the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO brand — Adapture Renewables is a utility-scale solar and energy storage project developer, owner and operator. The company leverages its in-house development, EPC management, legal, project finance and asset management capabilities to drive projects from origination to long-term operation.
Meta is one of the largest corporate buyers of renewable energy, having achieved net zero emissions for its existing global operations in 2020. The company is committed to maintaining these targets as it grows, and its partnership with Adapture Renewables will support its continued commitment to net zero emissions across its global operations and value chain, including supporting its operations with 100% renewable energy.
The three projects will have an estimated net economic impact surpassing $400 million. These projects are set to create approximately 500 temporary jobs during the construction phase and maintain around 25 full-time equivalent positions during operations, providing ongoing economic benefit to residents of the host communities.
“These solar projects represent an important milestone in continuing our commitment to sustainable operations,” said Urvi Parekh, head of renewable energy at Meta. “Our partnership with Adapture Renewables underscores our dedication to utilizing renewable energy to support our facilities and fostering a cleaner, greener future for all.”
All three projects are situated in federally designated energy communities where a coal facility had been closed, bringing clean energy investment, jobs and revenue to regions that have been historically dependent on fossil fuels and disproportionately burdened by pollution.
“The Meta team was efficient and matched our dedication to scaling clean energy, bringing economic opportunities to the energy communities hosting our projects, and achieving three win-win agreements,” said Jesse Tippett, VP of power marketing origination at Adapture.
Tags: Adapture Renewables, commercial and industrial, Meta, utility-scale
