D. E. Shaw Renewable Investments (DESRI) Announces Signing of 200 MWac Arkansas Clean Power Project with Meta
NEW YORK, Nov. 30, 2022 /PRNewswire/ -- D. E. Shaw Renewable Investments (DESRI), a leading renewable energy producer in the U.S., today announced the signing of a long-term renewable energy off-take agreement with Meta. The Long Lake Project (Long Lake) will be a 200 megawatt (MWac) facility in Phillips County, Arkansas. DESRI has executed a power purchase agreement (PPA) with Meta to provide energy and capacity for its growing energy needs in the region.
Long Lake is DESRI's first project in Arkansas and among the largest in the state. The project contributes to DESRI's growing solar portfolio with Meta, which also includes projects in Utah and Virginia.
"DESRI is continuing to build out a portfolio of affordable, on-peak renewable energy projects to serve corporate and utility customers around the country. We are pleased to partner with Meta on the Long Lake project and now count more than 850MWac of clean energy nationwide to support their operations," said Hy Martin, Chief Development Officer of DESRI. "We appreciate the ongoing community support of Phillips County and are pleased to develop this solar facility to meet Meta's renewable energy demand, while providing economic opportunities."