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Meta has reached a long-term power purchase agreement with EDP Renewables North America to offtake energy from Cypress Knee Solar, a 250-MW solar project EDP plans to build in southeast Arkansas, the companies announced Monday.
EDP anticipates that the project will be completed in 2028, according to the release. EDP said in a fact sheet about the project that it is estimated to begin commercial operations next year.
Cypress Knee Solar is “expected to contribute more than $25 million in additional funding to Chicot County over the project’s 30-year life through an Industrial Revenue Bond agreement with the County,” the company said in an open house presentation.
This is the third such deal between EDP Renewables and Meta, according to the release, bringing the total procured energy between the two companies to 545 MW.
