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News on Medial
Meta to add 100MW of solar power from US gear | TechCrunch
TechCrunch
·
3d ago
Medial
Meta has partnered with Silicon Ranch to develop a $100 million, 100-megawatt solar farm in South Carolina, set to power its planned AI data center. This marks their 18th collaboration, contributing to over $2.5 billion in investments. The solar farm, operational by 2027, exemplifies Meta's strategy to meet net-zero carbon emissions goals while leveraging the cost-effectiveness and quick deployment of solar power for new data centers.
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Meta pushes zero-carbon energy strategy with solar deal
Economic Times
·
8m ago
Medial
Tech giant Meta has signed a contract with Invenergy, a renewable energy firm, for 760 megawatts of solar power capacity. Meta is actively searching for cleaner power sources, including nuclear, to meet its expanding power needs driven by the adoption of artificial intelligence. The agreement involves solar facilities across four US states and brings Meta's total renewable energy agreements with Invenergy to over 1 gigawatt. The projects are expected to start operations between 2024 and 2027 and will supply local power grids while Meta receives clean energy credits. The move supports Meta's goal of powering all operations with renewable energy.
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Meta adds another 650 MW of solar power to its AI push | TechCrunch
TechCrunch
·
3m ago
Medial
Meta has secured a new solar deal of 650 megawatts across projects in Kansas and Texas to support its data centers powering AI operations. This is the fourth solar deal the company announced in 2025, focusing on expanding its renewable power portfolio beyond the existing 12 gigawatts. Texas, a hub for solar development due to ample sunshine and quick permitting, supports Meta’s vision of inexpensive, scalable, and rapid solar deployment, reinforcing the region's leadership in solar capacity growth.
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BluPine Energy to create 4 GW of RE assets in five years
Thehindubusinessline
·
1y ago
Medial
Renewable power producer BluPine Energy plans to generate 4 gigawatts (GW) of solar and wind power, alongside battery energy storage (BES), in India over the next five years. The company, with backing from infrastructure investor Actis, aims to add both organic and inorganic renewable energy capacity. BluPine has already acquired 400 MW of solar power and is in advanced talks for another 400 MW. It also has projects under development in Gujarat, Rajasthan, and Karnataka, with a total capacity of 1.35 GW. The company aims to focus on commercial and industrial as well as solar and wind power to reach its 4 GW target.
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Waaree Energies to invest $1 bn to set up solar facility in Texas
Livemint
·
1y ago
Medial
Mumbai-based Waaree Energies plans to invest $1 billion in setting up a solar module manufacturing plant in Texas, US. The facility, located in Brookshire, will have an initial capacity of 3 GW of solar modules annually by the end of 2024. Waaree aims to expand the capacity to 5 GW by 2027 and will also add a US-made solar cell facility. The plant is expected to create over 1,500 jobs in the US. Waaree has already supplied over 4 GW of modules to the US and has long-term supply agreements with US-based SB Energy.
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Engie arm pockets smaller cheques from foreign investors for India solar project
VCCircle
·
1y ago
Medial
Engie India, the renewables arm of French energy company Engie, has secured funding from foreign investors for a solar power project in Gujarat. The company has raised a lower amount than expected, but it will still be used for the construction and maintenance of a 400MW solar power project. Engie has been actively bidding to win solar and wind power projects in India.
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Hindustan Power gets order to set up 100 MW solar project with 200 MWh energy storage system
Economic Times
·
1m ago
Medial
Hindustan Power has secured a project from SJVN to establish a 100 MW solar plant with a 200 MWh energy storage system. The project, part of a 1200 MW solar initiative, was won through competitive bidding and an e-reverse auction. It aims to manage peak power demands and provide a steady power supply by integrating solar energy with battery storage. Hindustan Power is a leader in renewable energy generation in India.
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Mark Zuckerberg says Meta is building a 5GW AI data center | TechCrunch
TechCrunch
·
1m ago
Medial
Mark Zuckerberg announced that Meta is constructing the Hyperion AI data center, expected to provide five gigawatts of computational power, as part of its AI development strategy to compete with OpenAI and Google. Located in Richland Parish, Louisiana, it will scale up over several years. Meta also plans a 1 GW super cluster, Prometheus, by 2026. These data centers may strain local resources, highlighting growing energy demands from AI infrastructure expansion.
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Rooftop solar subsidy scheme a billion dollar opportunity for Tata Power
Livemint
·
1y ago
Medial
Tata Power sees a $1 billion-plus business opportunity in India's rooftop solar subsidy scheme for households. The Prime Minister's Surya Ghar program aims to provide subsidies for rooftop solar installation to 10 million households, and Tata Power wants to cater to 5-6 GW of the anticipated demand. With its new solar cell and module manufacturing unit in Tamil Nadu, the company aims to ramp up its market share from 13% to 20%. The manufacturing unit will also give Tata Power an advantage in the scheme as it requires the use of domestically manufactured solar cells and modules.
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Edelweiss front runner to buy O2 Power’s 350 MW solar projects
Livemint
·
1y ago
Medial
Sekura Energy, a platform of Edelweiss Infrastructure Yield Plus Fund, is in the lead to acquire 350 MW of solar projects from O2 Power. The deal is expected to have an equity value of $50 million and an enterprise value of $200 million. O2 Power is a renewable energy platform backed by Temasek and EQT. Edelweiss Infrastructure Yield Plus is also interested in acquiring 400 MW solar power projects from Macquarie Group's Stride platform. This sale comes amidst EQT and Temasek's plans to sell O2 Power for an estimated equity value of $1 billion.
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Rajasthan inks MoUs with four CPSEs for setting up solar power, thermal, green hydrogen projects
Thehindubusinessline
·
1y ago
Medial
The Rajasthan government has signed memoranda of understanding (MoUs) with NTPC, CIL, NLC India, and SJVN for the development of solar power and green hydrogen manufacturing facilities. The agreements include the addition of supercritical units to the Chhabra Thermal Power Plant by NTPC and the exploration and execution of 4,100 MW power projects by Coal India. Additionally, the MoUs cover the formation of joint ventures for lignite-based and solar power plants, as well as long-term power usage agreements for solar power projects by NLC India and SJVN.
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