Wind - April 7, 2022
Meta Adds Oklahoma Wind Power
Meta, formerly Facebook, entered into a long-term renewable energy purchase agreement with TransAlta Corporation for the offtake of 100% of the generation from its 200 MW Horizon Hill Wind Power Project in Logan County, Oklahoma.
Under this agreement, Meta will receive both renewable electricity and environmental attributes. This long-term contract with Meta enables TransAlta to add the 200 MW Horizon Hill Wind Project to its growing U.S. wind generation fleet.
"Since 2020, Meta has supported its global operations with 100% wind and solar energy. As our footprint grows, it's key that we find strong partners who can help us continue to meet that goal by bringing new renewable energy to the grid," said Urvi Parekh, head of renewable energy at Meta in a statement. "We are excited to partner with TransAlta to make this 200 MW project a reality."
The facility will consist of a total of 34 Vestas turbines with construction expected to begin in Q4 2022 and a target commercial operation date in the second half of 2023. TransAlta will construct, operate and own the facility. Total project capital is estimated at approximately US$290 million to US$310 million and is expected to be financed with existing liquidity and tax equity.