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 in renewables, signed a 12-year power-purchase agreement for the project’s power. Both Facebook and Shell will use the renewable energy credits from the project, although Facebook told Greentech Media it’d receive the majority of those credits.

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Since the rise of Instagram, the whole world has undergone major changes. Life has become more difficult, it requires people to higher demands. We moved from the industrial age to the era of information and intellectual work. We became very dependent on the opinions of others on the Instagram. Photos with graceful cheekbones and mysterious looks, interesting statuses, and pictures from the last rest, all this we show off. And the only thing that we expect is that our self-esteem will increase from this. But in reality, anyone can fall into a mild depression if sees that the account with few fans and posts do not collect enough likes.

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