TransAlta Corporation announced its renewable energy purchase agreement with Meta, formerly known as the Facebook company, for the offtake of 100 percent of the generation from its 200 MW Horizon Hill wind power project in Logan County, Oklahoma.
TransAlta will be spending $290-$310 million for the 200 MW Horizon Hill wind project.
“Since 2020, Meta has supported its global operations with 100 percent wind and solar energy. As our footprint grows, it’s key that we find strong partners who can help us continue to meet that goal by bringing new renewable energy to the grid,” said Urvi Parekh, head of renewable energy at Meta.
John Kousinioris, President and Chief Executive Officer of TransAlta, said: “Horizon Hill brings us to 40 percent of our target of adding 2 GW of new renewables to our fleet by 2025 under our Clean Electricity Growth Plan.”
Vestas, the #wind turbine maker in the world, will supply 34 wind turbines for the wind energy project. The construction is expected to begin in Q4 2022 and a target commercial operation in the second half of 2023. TransAlta will construct, operate and own the facility.
TransAlta said over 90 percent of the project costs is captured under executed fixed price turbine supply agreements with Vestas and executed engineering, procurement, and construction agreement with Infrastructure and Energy Alternatives.