Meta Platforms, one of the largest corporate buyers of renewables, has signed two long-term environmental attributes purchase agreements (EAPA) with Arevon Energy, a renewable-energy developer, owner and operator.
The EAPA involves the Kelso Solar Project in Scott County, Mo., which will generate 349 megawatts of power and will help support Meta’s operations in the region with 100 percent renewable energy.
“We meet 100 percent of our energy demand with renewable power, and we continue to invest in clean-energy projects as we grow," said Urvi Parekh, head of renewable energy at Meta. "This partnership with Arevon decarbonizes our operations and contributes to a more sustainable, resilient energy infrastructure."
Land leases with local landowners are expected to generate millions of dollars in annual revenue, and the Kelso solar facility will disburse more than $34 million to l