A Facebook First: tech giant invests directly in a Renewable Project.

Analysts say the social media company’s tax-equity investment in a 379-megawatt solar project in Texas could be an indication of deals to come in the company renewables market. Facebook announced Thursday it has finalized an agreement to provide tax-equity financing for a 379-megawatt solar project developed by Longroad Energy Partners in West Texas. It’s the first time the social media company, which last year committed to reaching 100% renewables by 2020, has directly invested in a wind or solar project. Shell Energy North America, another corporation that’s shown increasing interest […]

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