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Facebook, Data Center Landlord and Solar Developer Sign "Back-to-back" PPA

Jan 30, 2019 - Power, Finance and Risk

Data center operatorDigital Realtyhas signed a power purchase agreement with solar developerSunEnergy1for generation and renewable energy credits that it will pass on to social media company Facebook.

Digital Realty will buy about 80 MW from a SunEnergy1 project in North Carolina under the terms of the PPA.

"This agreement marks the first back-to-back utility-scale renewable energy transaction between a data center provider landlord utilizing a virtual power purchase agreement to und...