Facebook signs first deal to buy renewable energy in India

Published April 15, 2021
Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project. — AP/File
Facebook has signed a deal to buy renewable energy in India from a local firm’s wind power project. — AP/File

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 160MW of solar power, Parekh said.

The electricity generated from these plants will power the tech giant's first Asian data centre that is set to start operations next year, she added.

Data centres driving tech companies like Facebook use up as much as one per cent 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.

Opinion

Editorial

Strange claim
Updated 21 Dec, 2024

Strange claim

In all likelihood, Pakistan and US will continue to be ‘frenemies'.
Media strangulation
Updated 21 Dec, 2024

Media strangulation

Administration must decide whether it wishes to be remembered as an enabler or an executioner of press freedom.
Israeli rampage
21 Dec, 2024

Israeli rampage

ALONG with the genocide in Gaza, Israel has embarked on a regional rampage, attacking Arab and Muslim states with...
Tax amendments
Updated 20 Dec, 2024

Tax amendments

Bureaucracy gimmicks have not produced results, will not do so in the future.
Cricket breakthrough
20 Dec, 2024

Cricket breakthrough

IT had been made clear to Pakistan that a Champions Trophy without India was not even a distant possibility, even if...
Troubled waters
20 Dec, 2024

Troubled waters

LURCHING from one crisis to the next, the Pakistani state has been consistent in failing its vulnerable citizens....