Avangrid to support Meta's Texas operations with new solar farm
Justin Paget

Avangrid (NYSE:AGR) said Tuesday it signed a power purchase agreement with Meta Platforms (META) to procure renewable energy from True North, the company's solar farm under development in Texas.
True North, Avangrid's (AGR) first solar farm in Texas, will deliver 240 MW of clean, renewable energy once it reaches commercial operations, which is expected by early 2025.
Meta (META) said the True North project will support its upcoming data center in neighboring Temple, the company's second data center facility in Texas.
"True North will support our commitment to 100% renewable energy and represents additional investment and jobs for the region," Meta's (META) head of renewable energy Urvi Parekh said.
Avangrid (AGR) recently reported Q4 adjusted earnings of $0.29/share on revenues of $2.16B.