Fb indicators first deal to purchase renewable power in India, Vitality Information, ET EnergyWorld

Facebook signs first deal to buy renewable energy in India, Energy News, ET EnergyWorld

New Delhi: Facebook has signed a deal to buy renewable energy in India from a local company’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday.

The 32-megawatt wind power project in the southern state of Karnataka is part of a larger portfolio of wind and solar projects that Mumbai-based Facebook and CleanMax are working on to deliver renewable electricity to India’s power grid, according to a joint statement.

CleanMax will own and operate the projects, while Facebook will buy the electricity from the grid using environmental attribute certificates or emissions certificates, the companies said.

Urvi Parekh, head of renewable energy at Facebook, told Reuters that the company does not normally own the power plants, but signs “long-term” power purchase agreements with the renewable energy company.

“This allows the project to find the funding it needs,” she said.

India is the largest Facebook market for users.

In Singapore, Facebook has announced similar partnerships with utility companies Sunseap Group, Terrenus Energy and Sembcorp Industries for projects that can generate 160 MW of solar power, Parekh said.

The power generated from these facilities will provide power to tech giant https://reut.rs/3uPvtrv’s first Asian data center, which is scheduled to start operating next year, she added.

Data centers that power technology companies like Facebook consume up to 1% of the world’s total energy, the International Energy Agency said last year.

Tech companies like Amazon, Alphabet Inc, and Microsoft are committed to zero carbon and net zero emissions as the demand for data and digital services is expected to grow steadily.

Facebook CEO Mark Zuckerberg separately announced Thursday that the company’s global operations are now fully powered by renewable energy and that it has achieved net zero emissions.


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