Meta has signed two Environmental Attributes Purchase Agreements (EAPA) with Adapture Renewables for 360MW of power from two solar projects in Texas.
The deal will see Adapture supply the power to the ERCOT grid, with Meta purchasing the environmental attributes of the project's renewable energy generation via renewable energy credits.
“By structuring long-term agreements that balance risk and value for both parties, we’re helping to scale meaningful projects while enabling our partners to meet their clean energy goals,” said Jesse Tippett, VP of origination at Adapture.
The projects are both expected to reach commercial operation in 2027. No further details were shared on the location of the projects.
The deal expands upon a previous agreement between the two companies signed in late 2023, where Meta purchased 333MWac of capacity across three solar projects in Arkansas and Illinois. Following the latest agreement, Meta has now procured almost 700MW from Adapture.
“Meta is always looking for opportunities to bring new renewable energy to the grid, and partnerships like this help make that possible,” said Amanda Yang, co-head of clean and renewable energy at Meta. “We’re excited to expand our relationship with Adapture Renewables through these new agreements and continue supporting projects that move the energy transition forward.”
Unlike a Power Purchase Agreement, an EAPA does not involve the direct purchase of energy, rather, it is the purchase of a renewable project's environmental benefits through renewable energy credits, with the power fed directly into the grid. EAPAs are often used as a route to market for renewable projects that are in their development phase.
Adapture is a solar and energy storage firm based in Oakland, California. It currently has 38 projects in operation across 12 US states, with a combined capacity exceeding 344MW.
Meta has shown an increasing preference for EAPAs as a means of decarbonizing its energy use across its data center portfolio.
In February, Meta signed an EAPA with Cypress Creek Renewables to support the construction of the 505MW Hanson Solar in Coleman County, Texas.
Before this, in January, it signed four EAPAs with Spanish renewable energy developer Zelestra to facilitate the construction of four solar projects in Texas.
Also, in November of last year, Meta signed an EAPA with Engie North America for 260MW from Engie’s Sypert Branch solar project in Milam County, Texas.
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