Meta Secures PPA with Apex for 144MW Starling Solar Facility in Texas

Yahoo Finance ·

Meta has finalized a power purchase agreement with Apex Clean Energy for the environmental attributes of the 144MW Starling Solar initiative in Gonzales County, Texas. Under the terms, Meta obtains exclusive rights to all renewable energy credits generated by the facility, which is scheduled to begin commercial operations in 2027. This marks the seventh joint venture between Apex and Sun-focused partners like Meta, lifting their cumulative portfolio capacity to roughly 1.2GW across multiple states. Apex CEO Ken Young noted that the partnership reflects a shared dedication to disciplined execution. The Starling project is anticipated to deliver substantial regional economic gains, including roughly $27m in lifetime tax revenues, with $15.6m designated for local schools, alongside more than $26.3m in landowner compensation. Furthermore, construction will generate 400 to 450 jobs, reinforcing community ties.

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Meta has signed a power purchase agreement (PPA) with Apex Clean Energy for the 144MW Sterling Solar project in Texas, USA. Through this deal, Meta secures exclusive rights to renewable energy certificates, expanding the cumulative partnership between the two companies to 1.2GW. The project is expected to generate approximately $27 million in local tax revenue and create around 400 jobs.

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Meta's large-scale renewable energy PPA accelerates the achievement of eco-friendly data center operation goals and directly contributes to the stable revenue growth of related clean energy suppliers. In particular, securing the 144MW solar power infrastructure has a positive impact on resolving power consumption issues driven by the surge in AI computing demand.

The bullish scenario is the upward revaluation of green technology stocks driven by the expansion of additional large-scale renewable energy contracts, while the bearish scenario is the risk of power infrastructure construction delays and rising costs. Key indicators to watch are the commercial operation start schedule in 2027 and whether Meta signs additional PPAs.

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