D. E. Shaw Renewable Investments (DESRI) has recently announced that Facebook has signed on as an investor in its Chester solar project in Virginia, USA being developed by Torch Clean Energy. The power purchase agreement will enable Facebook to buy 160MW of power to run its data centres in the region
D. E. Shaw Renewable Investments (DESRI) has recently announced that Facebook has signed on as an investor in its Chester solar project in Virginia, USA being developed by Torch Clean Energy. The power purchase agreement will enable Facebook to buy 160MW of power to run its data centres in the region.
Hy Martin, Chief Development Officer of DESRI said: “The DESRI team is pleased to continue our strong relationship with Facebook, which, with the addition of Chester Solar, now totals over 650 MWac of contracted and operational clean power projects across the country.”
DESRI develops and operates renewable energy assets in the US. Its portfolio of current and in-development projects includes more than 50 solar and wind projects totalling more than 6GW of aggregate capacity. DESRI and Facebook have previously signed PPAs for solar projects in Utah totalling 155MWac.
Urvi Parekh, Head of Renewable Energy at Facebook, said: “We are excited to partner with DESRI once again to bring new solar energy to the grid. This project will help us continue to support our global operations with 100 per cent renewable energy and bring new investment and jobs to the state of Virginia.”
Torch Clean Energy is a renewable energy and battery storage developer. It has more than 1,500MW of solar projects under development throughout the US.
As of 2020, Facebook says its operations were supported by 100 per cent renewable energy and the company has reached net-zero emissions. The company says it has contracts in place for more than 6GW of wind and solar energy across 18 states and five countries, with over 60 projects located on the same electrical grids as the data centres they support.
In a post on Facebook, CEO Mark Zuckerberg said: “We’ve reached net-zero emissions for our operations and we’re one of the largest buyers of renewable energy in the world – resulting in $8 billion invested in 63 wind and solar projects around the world.”
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