US technology conglomerate Meta Platforms Inc (NASDAQ:META) has taken another step towards its goal of securing 100% of renewables for its operations by signing a multi-year contract with energy and commodities trader Vitol.
The Facebook and Instagram owner has agreed to buy renewable energy credits and other environmental attributes associated with Vitol’s 50-MW Ocotillo Wells solar project in San Diego County, California. Meta will be making these purchases in support of its operations in the region, a news release from Vitol says.
The Ocotillo Wells solar plant will benefit from a 4-hour battery energy storage system (BESS). It is expected to become operational in the summer of 2023.
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Source: Renewables Now
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