Algonquin's Liberty, Meta Expand Renewables Deal
May 10 2022 - 6:00PM
Dow Jones News
By Stephen Nakrosis
Liberty, part of Algonquin Power & Utilities Corp., said
Tuesday it would work with Meta Platforms Inc. on a new wind power
project in Michigan.
The companies signed a long-term power purchase agreement for
the Deerfield II wind project, a 112MW facility which will be
located in Huron County adjacent to Liberty's Deerfield I wind
facility. The new deal builds on an existing renewable energy
partnership the companies have at the operating Altavista solar
facility in Virginia, they said.
The new deal will contribute to Liberty's ESG goals and help
Meta continue to support its operations with 100% renewable energy,
the companies said.
Liberty will develop, engineer, construct, own and operate the
project, which should begin commercial operations in 2023, the
companies said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 10, 2022 17:45 ET (21:45 GMT)
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