Meta signs deals to source more solar, wind power for data centers

June 26, 2025 05:50 AM PDT | By EODHD

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Meta signs deals to source more solar, wind power for data centers — Image source: Kalkine Media

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(Reuters) -Renewable energy developer Invenergy and social media giant Meta Platforms (META) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, the companies said on Thursday. This is the latest in a string of deals by Meta to meet the surging power demand of its data centers needed for artificial intelligence technologies using clean energy. Last year, Meta had signed four contracts with the Chicago-based Invenergy for 760 MW of solar electricity. Invenergy said Thursday's deals bring the companies' total partnership to 1,800 MW. NasdaqGS - Delayed Quote•USD (META) Follow View Quote Details 708.68 - (-0.49%) At close: June 25 at 4:00:01 PM EDT Advanced Chart Meta has previously announced deals with several large solar projects, a geothermal startup, and is also seeking proposals from nuclear power developers.

The electricity from Invenergy's solar and wind projects in Ohio, Arkansas and Texas will be delivered to the local grid, while Meta will receive the clean energy credits associated with the new generation capacity coming online, the energy company said. The companies did not disclose the financial details of the deals. (Reporting by Pooja Menon in Bengaluru; Editing by Tasim Zahid and Sahal Muhammed) Sign up for Yahoo Finance's Week in Tech Subscribe By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy View Comments

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