[ad_1]
Calgary-based TransAlta is expanding its renewables strategy under a long-term agreement to sell electricity produced from a planned U.S. wind project to tech giant Meta.
The deal, announced Tuesday, will see Meta — formerly known as Facebook — purchase all of the power generated by the 200-megawatt Horizon Hill project in Logan County, Okla.
TransAlta said the US$290-million facility, once completed, will move the company to 40 per cent of its goal to add two gigawatts of new renewables to its fleet by 2025. Construction on the 34-turbine project is scheduled to begin late this year, with commercial operation expected in the second half of 2023.
“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,” TransAlta CEO John Kousinioris said in a release.
TransAlta said the Horizon Hill facility will generate annual revenue of US$27 million to US$30 million.
Meta sources renewable energy to power 100 per cent of its global operations, with contracts for more than 6.1 gigawatts of wind and solar energy in five countries, according to the company’s website.
[ad_2]
You can read more of the news on source
