ENXTPA:ENGIIntegrated Utilities
What Engie (ENXTPA:ENGI)'s $900 Million Swenson Ranch Solar Deal With Meta Means For Shareholders
Meta announced it will purchase 100% of the output from ENGIE's new 600 MW Swenson Ranch Solar project in Stonewall County, Texas, which is now ENGIE’s largest U.S. renewable asset and is set to begin operation in 2027.
This agreement marks over 1.3 GW of renewable power purchase commitments between ENGIE and Meta, underscoring the energy demand of large-scale data centers and ENGIE’s growing foothold in the expanding U.S. renewables market.
We’ll now examine how ENGIE’s US$900 million...