AQN - Algonquin Power unit Meta expand partnership to include Michigan wind project

Algonquin Power & Utilities (NYSE:AQN) unit Liberty on Tuesday announced a collaboration with Meta (FB) on the new 112 MW Deerfield II wind project in Michigan. The long-term power purchase agreement builds on the firms' existing renewable energy partnership at the Altavista solar facility in Virginia. The Deerfield II wind project will contribute to Liberty's ESG goals and help FB continue to support its operations with 100% renewable energy. The project, which is expected to achieve commercial operations in 2023, represents an investment of ~$200M for Liberty. The project is expected to provide ~$2M per year in property tax revenue. Liberty will develop, construct, own and operate the Deerfield II wind project. Construction began in Apr. Also read: TransAlta to supply Meta with renewable energy from Oklahoma project.

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Algonquin Power unit, Meta expand partnership to include Michigan wind project