ENGIE and Meta expand Power Purchase Agreements

ENGIE North America announced that it has entered into additional Power Purchase Agreements with Meta that will increase the overall scale of the commercial relationship between the two companies to more than 1.3 GW across four Texas projects. The announced PPAs include ENGIE’s new 600 MW Swenson Ranch Solar project in Stonewall county, south east of Lubbock, Texas. The project will be the single largest asset in ENGIE’s more than 11 GW operating and in construction portfolio consisting of solar, wind and battery storage assets in North America. Swenson is expected to be operational in 2027, which Meta will purchase 100% of the project’s output to support its data center operations in the United States. The $900M planned investment in Swenson will employ over 350 skilled workers during construction and once complete will generate more than $158M in tax revenues for the county and the local hospital district over the life of the project.