The AES Corporation has announced two long-term Power Purchase Agreements (PPAs) to deliver 650 MW of solar energy capacity to support Meta's data centers in Texas and Kansas. These projects, part of the Southwest Power Pool (SPP) market, aim to enhance Meta's sustainability efforts by providing 100% clean and renewable energy. In addition to aiding Meta's environmental goals, the solar projects are set to generate significant economic benefits, including hundreds of construction jobs and millions in long-term tax revenue for local schools and counties. This partnership reinforces AES's position as a leading provider of renewable energy solutions for corporate clients, as highlighted by its recognition in Bloomberg New Energy Finance's 2024 Corporate Energy Market Outlook.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.