Digital Realty Signs PPA to Support Facebook’s Green Goals

SAN FRANCISCO, CA -- Digital Realty has inked a virtual power purchase agreement on behalf of Facebook to support Facebook's renewable energy goals at data center facilities leased from Digital Realty. Digital Realty has executed a long-term renewable power purchase contract to secure approximately 80 megawatts of solar power capacity for Facebook. Digital Realty has contracted with SunEnergy1, which has developed and will own and operate the solar project, to be located within Virginia Electric and Power Company territory in North Carolina. This agreement marks the first back-to-back utility-scale renewable energy transaction between a data center provider landlord utilizing a virtual power purchase agreement to underpin the renewable energy supply dedicated to a customer. Digital Realty worked in partnership with Facebook to structure the transaction to align with Facebook's quality standards for new renewable energy projects within the same power grid as the data center load. "Our scale and position as a leader in data center sustainability enabled us to execute this first of its kind agreement in support of Facebook's sustainability goals," said Digital Realty’s Chief Executive Officer A. William Stein.  "Many of our customers have specific renewable energy requirements, and we work diligently to provide cost-competitive solutions tailored to their needs.  We were able to take Facebook's quality standards and timeline into consideration and deliver this solution in a competitive marketplace and at a competitive price.  We are very pleased to be part of the solution enabling Facebook to…