Article Republished By Javier Troconis
May 11 (Renewables Now) – Liberty, the regulated utility business of Algonquin Power & Utilities Corp (NYSE:AQN), has signed a power off-take deal for a 112-MW wind project in Michigan with Meta (NASDAQ:FB), formerly known as Facebook.
Under a long-term power purchase agreement (PPA), Meta will get the entire output and environmental attributes from the Deerfield II park. The deal will support the social media giant’s operations and is aligned with its sustainability goals, Liberty said on Tuesday.
Currently under construction in Michigan’s Huron County, the wind farm will be sited near Liberty’s 150-MW Deerfield I park. Liberty started building the plant in April and expects to bring it online in 2023. The project will be realised at a total investment of some USD 200 million (EUR 189.5m).
“Since 2020, our global operations have been supported by 100% renewable energy and, as we continue to grow, it is increasingly important that we have strong partnerships to bring new renewable energy to the grid,” said Urvi Parekh, head of renewable energy at Meta.
Meta has committed to procuring most of the electricity coming from the 80-MW Altavista solar project in Virginia under a deal with its original developer Apex Clean Energy. Liberty bought a 50% stake in the scheme last year.
(USD 1.0 = EUR 0.947)