Facebook parent Meta inks deals for solar power in Missouri

Meta, the parent of social media apps including Facebook and Instagram, has agreed to buy energy from a solar project in southeast Missouri.

Meta Platforms Inc., the parent of social media apps including Facebook and Instagram, has agreed to buy energy from a solar project in southeast Missouri.

Arevon Energy Inc., a renewable energy company, and California-based Meta (Nasdaq: META) have reached two long-term environmental attributes purchase agreements (EAPA) for the Kelso Solar Project in Scott County, Missouri, the companies said Tuesday in a press release.

Arevon’s Kelso Solar Project will generate 349 megawatts of power to support Meta’s operations in the region with 100% renewable energy, officials said. Meta is building an $800 million data center in Kansas City, joining 21 data centers it operates worldwide. Meta expects to spend about $15.12 billion related to its renewable energy agreements as of Dec. 31, most of which is due beyond five years, the company said in its annual report.

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Source: KSDK

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