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Facebook signs first deal to buy renewable energy in India

  • Date : 15/04/2021
  • Source : Livemint

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 solar hybrid 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.