Facebook to Buy Solar Energy From Apex
November 21 2019 - 3:08PM
Dow Jones News
By Kimberly Chin
Facebook Inc. (FB) has agreed to buy renewable energy from Apex
Clean Energy Inc.'s Altavista Solar Project in Virginia as it looks
to shift most of its operations to clean energy and reduce
greenhouse gas emissions.
Under the agreement, Facebook will receive 61.6 megawatts of
solar energy from the Campbell County, Virginia, project. Altavista
Solar, which is scheduled to become operational in 2020, will also
be Apex's largest solar-energy project to date as well as its first
renewable-energy facility on the East Coast, Apex said.
The company expects the project to generate about 200 full-time
jobs during its construction and bring in more than $1.8 million in
local tax revenue over the project's 35-year lifespan.
The move follows a separate deal Facebook made with Apex in
August when it agreed to purchase wind power from its Aviator Wind
East project. The project, which is located in Coke County, Texas,
is slated to become operational next year as well.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
November 21, 2019 14:53 ET (19:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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