Social media giant Facebook inked a deal to buy renewable energy from an Indian firm’s wind power project, according to Reuters.
- The agreement is Facebook’s first deal of such sort in India. The company will buy the power off CleanMax which uses environmental attribute certificates or carbon companies.
- Facebook and CleanMax are working together to supply renewable power into India’s electrical grid. This includes a 32-megawatt wind power project in the southern Karnataka state.
- Facebook Head of Renewable Energy Urvi Parekh said the company doesn’t typically own power plants but instead signs long-term electricity purchasing agreements. This enables the project to seek out the financing it would need.
- Facebook has similar partnerships in Singapore with providers Sunseap Group, Terranus Energy, and Sembcorp Industries for projects with a 160-megawatt capacity.
- The company said it has also reached net-zero emissions as of 2020 as global operations were supported wholly by renewable energy.