Facebook Does First Tie Up For 100% RE Buying In India

Facebook has partnered with renewable energy (RE) company CleanMax to procure renewable energy from wind and solar facilities set up by CleanMax.

Under the agreement, Facebook and CleanMax are to assemble a portfolio of wind and solar projects supplying renewable power into India’s electrical grid in states where Facebook facilities are also present.

A 32 MW wind project located in Karnataka is the first in line to be brought online in the agreement.

While CleanMax will own and operate the projects, Facebook will provide long-term support by committing to purchase 100% of the environmental attribute certificates (EACs) from the projects for years to come.

Facebook has also announced that it is using renewable energy to the extent of 100% of its energy consumption and has achieved net-zero emissions in its global operations.

This partnership with CleanMax will enable new solar and wind power to be generated in the near future, contributing to the decarbonization of the Indian electrical grid.

Earlier this month, the social media company had signed a multi-year virtual power purchase agreement with Singapore-based Sunseap Group to procure solar energy from Singapore’s largest offshore floating solar farm in the Straits of Johor.

This is a PRNewswire Feed; edited by Clean-Future Team