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Facebook is building giant solar farm in Texas for its first direct investment in renewable energy

From marketwatch.com

Facebook is building a massive solar farm in West Texas that’s believed to be one of the largest solar projects in the nation and the social media giant’s first direct investment in renewable energy. Boston-based renewable energy developer Longroad Energy recently announced it was partnering with Facebook FB, +1.53% on the $416 million project, just as Facebook is finishing construction of a data center near Albuquerque. The Prospero Solar project just north of Odessa, Texas, will have a capacity of 379 megawatts, which is enough to power around 72,000 homes based on the national average, the Solar Energy Industries ... (full story)

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  • Category: Fundamental Analysis