Arevon Energy and Meta Platforms Announce Long-Term Contracts for 349 Megawatts of New Solar Energy, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Arevon Energy and Meta Platforms, Inc. (META) have entered into two long-term Environmental Attributes Purchase Agreements for the Kelso Solar Project in Missouri, which will generate 349 MWac of solar power to support Meta's operations with 100% renewable energy. Financial terms were not disclosed.
March 05, 2024 | 11:32 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Meta Platforms, Inc. (META) has signed agreements with Arevon Energy for 349 MWac of solar power from the Kelso Solar Project to support its operations with renewable energy.
The partnership with Arevon Energy for the Kelso Solar Project demonstrates Meta Platforms' commitment to sustainability and renewable energy. This move is likely to be viewed positively by investors and the public, enhancing Meta's corporate responsibility image and potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90