Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project, the social media giant’s first such deal in the South Asian nation, the companies said on Thursday.
The 32 megawatt wind power project, located in southern Karnataka state, is part of a larger portfolio of wind and solar projects that Facebook and Mumbai-based CleanMax are working together on for supplying renewable power into India’s electrical grid, they said in a joint statement.
CleanMax will own and operate the projects, while Facebook will buy the power off the grid using environmental attribute certificates, or carbon credits, the companies said.
Facebook’s head of renewable energy, Urvi Parekh, told Reuters the company typically doesn’t own the power plants but instead signs “long-term” electricity purchasing agreements with the renewable power company.
“That enables the project to seek out the financing that it would need,” she said.
India is Facebook’s biggest market by users.
In Singapore, Facebook has announced similar partnerships with energy providers Sunseap Group, Terrenus Energy and Sembcorp Industries on projects that can produce 160 MW of solar power, Parekh said.
The electricity generated from these plants will power the tech giant’s first Asian data centre https://reut.rs/3uPvtrv that is set to start operations next year, she added.
Data centres driving tech companies like Facebook use up as much as 1% of the world’s total energy, the International Energy Agency said last year.
Tech companies like Amazon, Alphabet Inc and Microsoft have pledged to operate carbon-free and achieve net-zero emissions, as demand for data and digital services is expected to see a sustained rise.
Facebook CEO Mark Zuckerberg announced separately on Thursday that the company’s global operations are now supported wholly by renewable energy and that it has reached net-zero emissions.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.