DESRI clinches 200-MW solar PPA with Meta in Arkansas

Meta (NASDAQ:FB), formerly known as Facebook, will procure electricity from a 200-MW solar park that will be built by DE Shaw Renewable Investments LLC (DESRI) in Arkansas.

The US solar and wind assets developer and owner said on Wednesday it will supply the plant’s future output under a long-term power purchase agreement (PPA). The contract is tied to DESRI’s Long Lake Project.

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The photovoltaic (PV) farm will be installed in Arkansas’ Phillips County and will help power Meta’s operations in the region. It will join a list of other DESRI-owned clean energy projects contracted by Meta, including 180 MW in Utah and 160 MW in Virginia, bringing their overall capacity to over 850 MW.

"This project is an important part of helping us continue to meet our goal of 100% renewable energy as we grow," said Urvi Parekh, head of renewable energy at Meta.

Acadian Renewable Energy, a joint venture between SunChase Power and Eolian, handled the Long Lake scheme’s initial development.

At present, DESRI has more than 6 GW of contracted, operating and in-construction solar and wind energy projects in its portfolio. Long Lake is the company’s first project in Arkansas, it noted.