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.
It is said the sun produces enough energy to meet the world's current fossil fuel powered requirements, and some more! The fact though is that as of 2019, just over 2% of the global electricity was solar powered. Countries that are closer to the equator have shown greater propensity towards solar, such as India, China, and United Arab Emirates.