Meta: new power purchase agreement with RWE

March 19, 2025

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09:56am	Fed’s Moment of Truth in Trade War Era
09:20am	Meta: new power purchase agreement with RWE	CF

March 19, 2025 at 09:20 am EDT

RWE has signed a new power purchase agreement (PPA) with Meta for a 200 megawatt (MWac) solar project in Texas.

Meta will purchase 100% of the output from RWE’s Waterloo Solar project in Bastrop County, Texas. Construction of the site is scheduled to begin in late 2025.

This agreement between RWE and Meta represents the company’s third long-term contract with the technology company in recent months.

RWE had previously announced that it had entered into two PPAs with Meta for 100% of the output from its 274 MWac County Run Solar project in Illinois and its 100 MWac Lafitte Solar project in Louisiana.

Christoph Hunfeld, Chief Commercial Officer, RWE Clean Energy: ‘ RWE’s partnership with Meta underscores the importance of unlocking U.S. power generation from all sources to support load growth in Texas and across the U.S.’

Urvi Parekh, Head of Global Energy, Meta: ‘ We are delighted to expand our partnership with RWE and look forward to the commissioning of the Waterloo solar project. ‘

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Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows:
– operation of social networking, messaging, photo and video sharing platforms (98.6%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.98 billion monthly active users in 2023) ;
– sale of virtual and augmented reality products, software and devices (1.4%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc.
Net sales break down by source of income into advertising spaces (97.5%) and other (2.2%).
Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia-Pacific (26.8%), Europe (23.1%) and other (10.9%).

Employees

74,067

Sector

Internet Services

Calendar

Apr. 22

– Q1 2025 Earnings Release (Projected)

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