Meta signs another PPA in Oklahoma

Meta has recently signed another power purchase agreement (PPA) with TransAlta Corporation. Through this deal, Meta will be provided with 200MW from the upcoming Horizon Hill Wind Power Project, which is to be based in Oklahoma. 

Construction on the project, which will be located on 25,000 acres, is planned to begin in the fourth quarter of this year, with a view to being operational by the second quarter of next year.

According to TransAlta, the project's total capital is estimated to be around $290-310 million, and in conjunction with its 'Clean Electricity Growth Plan' will bring the company to 40% of its target of adding 2GW of renewable energy to its fleet by 2025.

Commenting on the PPA with Meta, TransAlta's President and Chief Executive Officer, John Kousinioris, said: "TransAlta is excited to partner with Meta to make Horizon Hill a reality. The delivery of clean, low-cost, reliable energy from Horizon Hill supports Meta's sustainability goals and provides another excellent opportunity to expand our wind fleet in the United States."

Meanwhile, Urvi Parekh, head of renewable energy at Meta, said: "Since 2020, Meta has supported its global operations with 100 percent 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. We are excited to partner with TransAlta to make this 200MW project a reality."