[ad_1]
Longroad plans to put the farm into operation next year, with a capacity of 379 megawatts, enough to power nearly 300,000 homes. With 4,600 acres, it will be one of the largest solar farms in the country.
This is the first time that Facebook is investing directly in a renewable energy project. It is unclear how much of the $ 416 million coverage covered by Facebook has been covered, but it is reported that this represents a "significant" share of the total cost. The company is the only investor in tax badets of the project. The farm will sell part of its production to Shell, which plans to sell the energy. Facebook and Shell will also receive renewable energy tax credits.
"Facebook is delighted to be one of the first companies to use direct investment to achieve its renewable energy goals," said Peter Freed, director of Facebook's energy strategy, in a statement. a statement. "We hope that such investments can be a new way to engage in significant projects, which could be easier for some companies than a long-term electricity purchase contract, thus opening up new opportunities." new options allowing more organizations to achieve their goals and develop the market. "
Last year, 75% of Facebook's business was based on renewable energy. Other major technology companies already use renewable energy or plan to do so. Apple and Google are using credits and carbon offsets to cancel their use of fossil fuels, although they both plan to eventually use renewables. Many Apple suppliers also use clean energy.
Source link
