Meta Inks 2.5 GW Renewable Energy Deal With NextEra Energy
2.5 GW Across 13 Projects Scheduled To Come Online Between 2026 And 2028
Meta Platforms (Meta) and infrastructure developer NextEra Energy Resources LLC, a subsidiary of NextEra Energy, have reached approximately 2.5 GW of clean energy contracts. The 2.5-GW milestone was reached with the signing of 11 power purchase agreements (PPA) and two energy storage agreements (ESA).
NextEra Energy Resources and Meta executed PPAs enabling 2.1 GW of clean energy through nine solar projects across three markets, including the Electric Reliability Council of Texas (ERCOT), Southwest Power Pool (SPP), and the Midcontinent Independent System Operator (MISO).
Additionally, NextEra Energy Resources, through four projects, two PPAs and two ESAs, in Valencia and De Baca counties in New Mexico, is providing 190 MW of solar energy and 168 MW of battery storage to support the Public Service Company of New Mexico (PNM) system through PNM’s Rate 36B. Rate 36B allows Meta and other customers to contract for and support clean energy projects on PNM’s system more efficiently and match its operations with 100% clean energy.
“The NextEra Energy Resources, Meta, and PNM collaboration in New Mexico demonstrates, once again, our state’s leadership in clean energy and economic development,” said New Mexico Governor, Michelle Lujan Grisham. “New Mexico is driving new investments in energy and data centers that are expanding our economy, empowering our workforce, and advancing American infrastructure.”
In total, the 2.5 GW across 13 projects are scheduled to come online between 2026 and 2028, creating up to 2440 construction jobs, driving local economic growth, and spurring innovation.
“We are proud to continue our collaboration with NextEra Energy Resources in advancing energy infrastructure and storage solutions,” said Urvi Parekh, head of energy at Meta. “The integration of 2.1 GW across ERCOT, SPP and MISO, along with more than 350 MW from the three-way collaboration with PNM in New Mexico, to support our data center operations, demonstrate how industry cooperation can drive technological progress and strengthen America’s energy infrastructure.”
“As one of America’s largest energy infrastructure builders, NextEra Energy Resources is powering America’s technology growth with new energy infrastructure,” said Brian Bolster, president and chief executive officer of NextEra Energy Resources. “The company has actively engaged with hyperscalers to support their data center operations and further drive America’s leadership. We are incredibly excited to grow our collaboration with Meta, one of America’s iconic companies. These agreements demonstrate our continued commitment to bring energy solutions to help grow the American economy, drive innovation and ensure the US wins the AI [artificial intelligence] race.”
These approximately 2.5 GW of projects build on nearly 500 MW of operating projects that Meta is already supporting through previous agreements with NextEra Energy Resources. These agreements emphasize the companies’ shared commitment to ensuring that the US secures American energy dominance while supporting Meta’s target of matching its operations with 100% clean energy.
