08:54 AM EST, 12/05/2024 (MT Newswires) -- Meta Platforms ( META ) has struck agreements with Invenergy to buy green credits from four of its US solar energy projects, Reuters reported Thursday, citing the companies.
Financial details weren't disclosed.
Under the terms of the contracts, Meta will buy 760 megawatts of solar electricity from Invenergy, the report said, adding that the projects will connect to the power grid between 2024 and 2027 in Ohio, Texas, New Mexico, and Arkansas.
The social media company will receive green credits from the energy projects instead of using power directly generated from the projects to support its own operations, according to the report.
Neither Meta nor Invenergy immediately responded to MT Newswires' requests for comment.
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