Ares Management Corporation and Apex Clean Energy have confirmed a renewable power purchase agreement with Facebook.
The agreement covers a 199.76 MW portion of the 525 MW Aviator Wind project located in Coke County, Texas. Aviator Wind will be the largest single-phase wind project in ERCOT and the largest single-phase, single-site wind project in the United States.
“We are excited to partner with Facebook to help it achieve its long-term renewable energy goal,” said Keith Derman, co-head of Ares Infrastructure and Power. “Corporate leadership is driving the energy transition and this project fits perfectly with our value-add strategy of investing in clean energy projects.”
“As part of our goal to support 100% of our operations with renewable energy, we want to help drive the energy transition and increase access to wind and solar power around the world,” said Urvi Parekh, renewable energy manager at Facebook. “This project will be an important part of successfully reaching our targets, and we are thrilled to have the support of Ares Infrastructure and Power and Apex Clean Energy to bring this new wind energy online.”
“The ambitious sustainability goals of corporate leaders like Facebook will play a key role in accelerating the transition to renewable energyà¢€”faster than ever anticipatedà¢€”in the years to come,” said Mark Goodwin, president and CEO of Apex Clean Energy. “With this power purchase agreement, Facebook continues to make strides toward achieving its renewable energy goals, driving meaningful progress within the industry, and paving a path for other corporations to do the same.”
Aviator Wind was developed by Apex and the project funds will be managed by Ares Infrastructure and Power. An additional unnamed corporate power purchase agreement for the majority of the balance of Aviator Wind, known as Aviator Wind West, will be announced at a later date.