Meta expands renewable energy push with long-term PPA for 298-MW Texas solar project developed by RWE

Meta said it has expanded its renewable energy partnership with RWE through a long-term corporate power purchase agreement for a new utility-scale solar project in Texas. The deal is linked to the 298-megawatt Rabbit’s Foot Solar installation in North Texas, according to the announcement published via Power Magazine.

Under a power purchase agreement, a buyer commits to purchase electricity from a specific generator, typically over many years. In corporate form, the contract is often structured to help a company secure clean energy attributes tied to its operations, even if the physical electricity flows through the broader grid. Meta did not describe pricing terms or contract duration in the material referenced here.

The announcement characterizes the transaction as part of an ongoing collaboration between Meta and RWE. RWE is known as a major renewable energy developer and operator, building solar and wind projects and then arranging long-term offtake, or purchase commitments, with industrial customers and utilities. For Meta, corporate PPAs have become one way large electricity users try to align power sourcing with sustainability goals while managing exposure to electricity market volatility.

Meta’s renewable procurement efforts are relevant because the company operates data centers and other electricity-intensive infrastructure that must run continuously. Large technology firms increasingly look beyond local utility green tariff programs and instead pursue long-horizon contracts with project developers, particularly when the projects involve regions with high solar and wind output. A 298-MW solar asset is sizable enough to matter in the broader renewable energy portfolio, though Meta did not quantify how much power this specific contract represents relative to its total electricity demand.

The Rabbit’s Foot project is located in North Texas, a region where ERCOT (the Texas power grid) has attracted substantial investment in wind and solar generation over the past decade. Solar projects also tend to produce during daylight hours, which can be attractive when paired with other resources and storage strategies, though the announcement did not discuss any storage component for Rabbit’s Foot.

What Meta did not disclose in the announcement referenced here is also notable. The company did not provide the contract length, start date, ownership or tax-equity structure, expected annual generation, or whether the agreement includes specific environmental attribute accounting (for example, renewable energy certificates). It also did not specify whether the agreement is designed as a physical delivery arrangement or a financial structure tied to the project’s output.

Looking ahead, investors and observers will likely focus on whether Meta continues to expand its portfolio with additional PPAs tied to projects in multiple U.S. regions, and whether future disclosures become more specific about volumes and timelines. For RWE, the agreement adds to a track record of securing long-term offtake for utility-scale renewables, which can support project bankability and financing. Any further details about Rabbit’s Foot’s construction timeline and commercial operation date would be the next concrete milestone for stakeholders to watch.