Pine Gate Renewables and Meta have signed a 204MW solar agreement in Texas, seven miles from one of Meta’s data centres. The agreement involves Meta taking on environmental credits, emissions reductions, and other assets associated with the project, rather than physical delivery of the power. The project is expected to come online in 2026. This follows a significant investment from Generate Capital of US$500 million to support its utility-scale solar buildout. Earlier this month, Meta signed deals with Spanish project developer Solarpack for environmental attributes from a 210MW PV site in Indiana and a larger deal with US solar and storage developer Arevon in Missouri.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
