Houston, Texas – January 16, 2023 – Vitol and Meta Platforms Inc. have entered into a multi-year agreement to supply renewable energy credits and other environmental attributes from Vitol’s Ocotillo Wells, California solar project in support of Meta’s operations in the region.
Vitol has developed and will construct, own and operate the Ocotillo Wells solar facility in San Diego County, California. The facility will have a capacity of 50MWac/ and include a 4-hour battery storage system, the equivalent of a cut of 65,000 MT of CO2 emissions. The facility is scheduled to be operational in the summer 2023.
The project is part of Vitol’s growing corporate offering which enables companies across the US to source renewable energy to power their businesses.
Andrew De Pass, Head of Renewables Americas, Vitol said: “We are delighted to help Meta in its ongoing aim of securing 100% of renewable energy for its operations. Ocotillo Wells adds to Vitol’s growing portfolio of renewable energy assets, it will also provide economic benefits to the local community as well as job opportunities during the project’s construction and operations.”
Vitol is a leader in the energy sector with a presence across the spectrum: from oil through to power, renewables and carbon.
Vitol’s clients include national oil companies, multinationals, leading industrial companies and utilities. Vitol serves clients from some 40 offices worldwide. It is invested in energy assets globally including: 16 m m3 of storage globally, 500 k b/d of refining capacity, over 6,400 service stations and a growing portfolio of transitional and renewable energy assets. To date it has committed over $2.2 bn of capital to sustainable energy initiatives worldwide. In addition to a sizeable presence in renewable generation, Vitol is investing in initiatives to decarbonize other uses of energy, such as renewable gas for transport, the electrification of fleet vehicles, hydrogen and RNG for pipeline gas, as well as carbon capture and storage for heavy industry. Revenues in 2021 were $279 billion.