D.E. Shaw Renewable Investments (DESRI), the US renewable vitality developer, has signed a 200MW energy buy settlement (PPA) with tech and social media titan Meta for energy produced on the Lengthy Lake photo voltaic undertaking in Arkansas.
The Lengthy Lake undertaking represents the most recent offtake settlement between the 2 corporations, and can gas Meta’s rising operations within the Arkansas area.
“DESRI is constant to construct out a portfolio of inexpensive, on-peak renewable vitality tasks to serve company and utility prospects across the nation. We’re happy to accomplice with Meta on the Lengthy Lake undertaking and now depend greater than 850MWac of fresh vitality nationwide to help their operations,” mentioned Hy Martin, chief improvement officer of DESRI.
The preliminary improvement of the undertaking was led by Acadian Renewable Power, a three way partnership between Eolian L.P. and SunChase Energy.
“Eolian and SunChase shaped Acadian in 2015, anticipating the rising want for low-cost photo voltaic vitality in Arkansas and the bigger MISO energy market that can immediately cut back the passthrough gas prices from typical thermal turbines whereas concurrently producing beneficial vitality throughout the highest-demand, hottest summer season afternoons,” mentioned Aaron Zubaty, CEO of Eolian.
In August, DESRI signed a 240MW PPA for a Louisiana undertaking with public utility Cleco Energy. It additionally signed a 5GW module provide cope with swiss PV producer Meyer Burger to be delivered between 2024-29.
This week PV Tech reported that Meta has the most important company PV portfolio within the US, clocking in at 3.6GW.
