Facebook Signs A Deal to Buy Renewable Energy from India for the First Time

Facebook has recently signed a deal to buy the renewable energy from India as from a local wind power project of a form; however, it is also among the giant as well as first social media deal in a South Asian nation.

According to an official report, the wind power project of 32 megawatt in southern Karnataka that is a part of their larger portfolio of this wind as well as the solar projects is soon going to be implemented. It is a Facebook and the Mumbai-based CleanMax that are collaborating on the supply of the renewable energy through the electrical grids of India.

Urvi Parekh, the Head of renewable energy of Facebook also told to Reuters that Company typically does not own any of the power plants; however, signs like long-term electricity agreements of purchasing of renewable power is set by the company.