Social media giant Facebook has made its first direct investment in a renewable energy project, as it strives to source 100% clean power by 2020.

The company announced late last week that it had made a multi-million-dollar investment in the Prospero Solar Project in Texas – a 379MW facility which is expected to be completed in 2020.

The 4,600-acre facility is being backed by a total of $416m of private investment. Facebook has not disclosed how much of this sum it will raise itself, but the company is currently the sole tax equity investor in the project.

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https://www.edie.net/facebook-invests-in-large-scale-solar-project/