• Slice of Energy
  • Posts
  • Arevon and Meta Partner on Heirloom Solar Project in Indiana

Arevon and Meta Partner on Heirloom Solar Project in Indiana

Author

Slice of Energy Team
August 22, 2024

Key Highlights:

  • Arevon and Meta sign a long-term Environmental Attributes Purchase Agreement.

  • 60 MW Heirloom Solar Project in Pike County, Indiana to be operational by Q3 2025.

  • Project to generate over $86 million in local government revenue and nearly 200 jobs.

Source (PR Newswire)

Notable Quotes:

❝

"Arevon is proud to once again partner with Meta and contribute to their sustainability goal of matching its operations with 100% renewable energy and reaching net zero emissions across its value chain."

Kevin Smith, Chief Executive Officer at Arevon
❝

"We are pleased to work with Arevon again as we continue the important work of advancing the transition to clean energy."

Urvi Parekh, Head of Renewable Energy at Meta

Our Take:

The partnership between Arevon and Meta reflects a growing trend among tech giants to secure long-term renewable energy agreements to meet their sustainability goals. The Heirloom Solar Project is not only a significant step toward Meta’s net zero ambitions but also a major economic boon for Pike County, Indiana. This project underscores the importance of collaboration between energy developers and corporations in driving the transition to a clean energy future. The substantial local economic benefits, including job creation and government revenue, further highlight the positive impact of renewable energy projects on rural communities.