AVANGRID inks PPA with Meta to supply Texas operations with new 240 MW solar farm
AVANGRID has signed a power purchase agreement (PPA) with Meta to procure renewable energy from True North, a 240 MW solar farm under development in Falls County, Texas.
“With projects like True North, we continue our mission of helping the country meet its ambitious clean energy goals, while also creating quality jobs and strengthening our local economies,” said Pedro Azagra, CEO of AVANGRID, which is part of the Iberdrola Group.
True North is AVANGRID’s first solar farm in Texas. The project is expected to reach commercial operations by early 2025. During its construction and operation, True North will create more than 200 local jobs and is expected to pay more than $40 million in property taxes over 25 years in Texas, where AVANGRID already operates more than 1,250 MW of onshore wind facilities.
“We’re excited to expand our partnership with AVANGRID to help bring new solar energy to support our local operations in Texas,” said Urvi Parekh, head of renewable energy at Meta. “True North will support our commitment to 100% renewable energy and represents additional investment and jobs for the region.”
Since 2020, Meta’s global operations have been supported by 100% renewable energy. The True North project will support Meta’s upcoming data center in neighboring Temple, their second data center facility in Texas.
With more than 8.6 GW of installed renewable capacity, including 1.1 GW of solar projects operating and under construction, AVANGRID is the third largest renewable energy operator in the U.S. In total, the company has a strong pipeline of more than 25 GW under development, encompassing solar, onshore wind, offshore wind, and battery energy storage.
Headquartered in Orange, Connecticut, with approximately $41 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: networks and renewables. Through its networks business, the company owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, AVANGRID owns and operates a portfolio of renewable energy generation facilities across the United States.
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