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dp 20

Facebook signs renewable energy deal in India

By VARINDIA - 2021-04-18

Facebook signs renewable energy deal in India

Facebook has signed a deal to buy renewable energy in India from CleanMax for the wind power project. Facebook said that as of 2020, the company's global operations were supported wholly by renewable energy and that it has reached net-zero emissions.

 

The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that will supply renewable power into India's electrical grid.

 

CleanMax will own and operate the projects, while Facebook will buy the power off the grid using environmental attribute certificates, or carbon credits, the companies said.

 

Urvi Parekh, head of renewable energy, Facebook told Reuters that the company typically doesn't own the power plants but instead signs "long-term" electricity purchasing agreements with the renewable power company. That enables the project to seek out the financing that it would need," she said. However, India is Facebook's biggest market by users.



In Singapore, Facebook has announced similar partnerships with energy providers Sunseap Group, Terrenus Energy and Sembcorp Industries on projects that can produce 160 MW of solar power, Parekh said.



The electricity generated from these plants will power the tech giant's first Asian data centre ,which is set to start operations next year, she added.


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