Facebook signs renewable energy deal in India

Facebook has signed its first deal to provide renewable energy in India. It’s partnership with Mumbai-based CleanMax will add 32 megawatts of renewable power to the South Asian country’s electrical grid.

The project will be located in southern Kamataka as part of a larger portfolio of wind and solar project that Facebook and CleanMax will be working together on.

A statement from both companies disclosed that CleanMax would own and operate the projects, while Facebook would buy the power off the grid using environmental attribute certificates, or carbon credits.

Facebook does not own the power plants, but has signed ‘long term’ electricity purchasing agreements with the renewable power company, Facebook Head of Renewable Energy, Urvi Parekh, told newsmen.

In a separate event, Facebook Chief Executive Officer, Mark Zuckerberg, announced that his firm’s “global operations are now supported wholly by renewable energy that has now reached net-zero emissions.”

India is Facebook’s biggest market based on users.

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