Facebook is aiming to buy renewable energy to cover 100 per cent of its electricity use by the end of 2020, joining Citigroup and Ikea in setting that deadline for achieving its goal. The social media giant has a rapidly growing demand for electricity and its data centres, which have to run 24/7, cannot risk losing power at night or when the wind drops. Last year the company used 2.46 terawatt hours of electricity, up 34 per cent from 2016 and more than enough to power all the homes in the US state of Vermont. To guarantee reliable power while being able to say that it is moving away from fossil fuels, Facebook has signed power purchase agreements or “green tariff” deals with local utilities, on the understanding that those utilities will be supporting new solar, wind and hydr opower capacity. In 2017, Facebook covered 51 per cent of its electricity usage that way, and by the end of 2020 it plans to increase that to 100 per cent.
FT 28th Aug 2018 read more »
Renew Economy 29th Aug 2018 read more »