ENGIE North America (ENGIE) and Meta have finalised an Environmental Attributes Purchase Agreement (EAPA), under which ENGIE will supply 260 MW of renewable energy along with associated environmental attributes from the Sypert Branch solar project in Texas, supporting Meta’s net-zero goals. Meta has committed to purchasing 100 per cent of the facility’s output, with operations expected to begin in late 2025. Developed, constructed, and operated by ENGIE, the Sypert Branch project is located approximately 70 miles northeast of Austin, Texas, and 10 miles from Meta’s Temple data center.
The project is projected to generate over $69 million in local tax revenue over its lifetime, with $45 million allocated to two local school districts. This agreement with Meta adds to ENGIE’s North American renewable portfolio of about 8 GW in solar, wind, and battery storage projects currently operating or under construction. The deal also contributes to ENGIE’s nearly 1 GW of signed power purchase agreements (PPAs) in US for 2024 year-to-date. ENGIE’s innovative approach to corporate energy PPAs has earned it recognition as a leading developer in the market for several consecutive years.
Earlier this year, ENGIE agreed to acquire Ostwind France, along with its subsidiaries OSTWIND International S.A.S. and OSTWIND Engineering S.A., from Ørsted. This acquisition includes Ørsted’s onshore wind and solar operations in France. The transaction is anticipated to close in the second quarter of 2024, marking Ørsted’s exit from the French renewables market.
