Facebook Inks Deal to Acquire Renewable Power

Apex Clean Energy has recently announced that tech giant company Facebook has inked a deal to acquire renewable power from Altavista Solar.

The Power Purchase Agreement (PPA) between Facebook and Altavista Solar becomes the first solar energy project in Campbell County, Virginia. The 61.6 megawatts portion of the project will become operational next year.

The deal will support Facebook’s operations in Virginia. It is the second major transaction between the two companies this year. In August, the tech company signed a 200 megawatts PPA with Aviator Wind East. It will be part of the largest single-phase, single-site wind project in the United States when it operates in Texas in 2020.

Leading the Transition to Renewables

The President and CEO of Apex Clean Energy, Mark Goodwin, expressed his excitement over the new deal. “Facebook is a clear leader in driving the transition to a new energy company. It is working to lay the foundation for other companies to achieve significant carbon reduction goals with cost-competitive renewable energy.”

He added, “We are thrilled to once again partner with Facebook at Altavista Solar, expanding Apex’s track record of fulfilling corporate clean energy demand as the private sector escalates its efforts to decarbonize the grid.”

On its website, the company said that with a total of 80 megawatts, the project will be the biggest solar project for Apex and its first renewable energy facility on the East Coast. It will support Facebook in achieving its targets of lessening greenhouse gas emissions by 75 percent. It will also support in hitting 100 percent renewable power for its operations next year.

The Head of Renewable Energy at Facebook, Urvi Parekh, expressed trust to their partner company. “We are happy to be partnering with Apex once again to add new renewable energy to the grid. Also, to bring additional investment to the state of Virginia. Facebook has set an ambitious goal of supporting its global operations with 100 percent renewable energy in 2020, and we appreciate Apex’s partnership as we work to reach that goal.”

During the project’s 35-year lifetime, the company will generate an approximate of 200 full-time jobs during construction and more than $1.8 million in local tax revenue.

Phillip Riley

With the continuous boom in the clean energy market, jobs in the renewable energy sector are surely ramping up. To boost your hiring strategies in this sector, please get in touch with Phillip Riley’s Director of Americas, Meredith Fuselier. You can reach her at [email protected]

Leave a comment