Meta to buy RECs from 50-MW solar project in California

US technology conglomerate Meta Platforms Inc (NASDAQ:META) has taken another step towards its goal of securing 100% of renewables for its operations by signing a multi-year contract with energy and commodities trader Vitol.

The Facebook and Instagram owner has agreed to buy renewable energy credits and other environmental attributes associated with Vitol’s 50-MW Ocotillo Wells solar project in San Diego County, California. Meta will be making these purchases in support of its operations in the region, a news release from Vitol says.

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The Ocotillo Wells solar plant will benefit from a 4-hour battery energy storage system (BESS). It is expected to become operational in the summer of 2023.

Vitol said that the project is part of its offerings for US companies looking to source renewable energy to power their businesses.