Meta Secures Nearly 1 GW of Clean Power in India, Partners with Reliance on AI Data Centre
META sits 39% above its 52-week low of $520.26.
Summary
Meta has contracted nearly 1 GW of renewable energy capacity in India, including 837 MW of solar and wind through CleanMax and 88 MW through Fourth Partner Energy. It also partnered with Reliance Industries for a 168 MW AI-enabled data centre in Jamnagar, Gujarat. Amazon's Indian renewable agreements include 199 MW of wind power through CleanMax and BluPine Energy, plus a portfolio of 50 wind and solar projects. Anand Rathi Research projects India's data centre renewable energy demand will double from 16.1 GW in 2026 to 32.4 GW by 2030. These long-term power purchase agreements give developers revenue visibility and help tech companies meet emissions targets. The scale of Meta's commitment signals a major expansion of its Indian data centre footprint.
At the time of this announcement, META was trading at $724.73 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.8T. The 52-week trading range was $520.26 to $779.82. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Businessworld.