News Summary

• Meta signed three deals this week to procure nearly 1 gigawatt of solar power as it races to power its lofty AI ambitions.
• Solar is cheap and quick to build, and as a result, it has become a go-to power source for tech companies as their data center fleets multiply in size.
• Meta yesterday announced two agreements in Louisiana that see it buying the environmental attributes of a combined 385 megawatts of electricity.
• Both projects are expected to be completed two years from now.
• They follow on the heels of a larger deal announced Monday in which Meta bought 600 megawatts from a massive solar farm near Lubbock, Texas.