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Meta Acquires Power from Enbridge’s Solar Project
Meta Platforms (NASDAQ: META) has signed a long-term agreement to purchase 100% of the electricity produced by Enbridge’s Clear Fork solar energy project located near San Antonio. The facility, which requires an investment of $900 million, is expected to generate 600 megawatts (MW) of power starting in mid-2027. This partnership supports Meta’s commitment to achieve net-zero emissions across its operations by 2030 while enabling Enbridge to enhance its growth strategy.
This agreement comes as Meta ramps up its investment in AI infrastructure, which will require a substantial and sustainable power supply. Enbridge’s growing portfolio of renewable projects, including other solar initiatives developing up to 5 gigawatts of total capacity, positions both companies to benefit from the increasing demand for clean energy.
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