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Meta to add 100 MW of solar power from U.S. gear

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Meta signed a deal yesterday with solar developer Silicon Range to develop a $100 million, 100-megawatt solar farm in South Carolina.

The new renewable installation will power Meta’s planned AI data center in the state which is expected to cost $800 million. Both the data center and the solar plant are expected to begin operations in 2027.

Most of the equipment for the solar farm will be made in the U.S., according to the companies.

The new deal is the eighteenth such agreement signed between Meta and Silicon Ranch. The renewable developer said the deals have helped drive over $2.5 billion in investments.

Meta has added over 2 gigawatts of solar capacity this year alone. In June, it signed a deal with developer Invergy for several projects in Ohio, and in May it said it was working with AES to built 650 megawatts of solar in Kansas and Texas. Meta is also working in Texas with Engie and Zelestra to develop nearly 800 megawatts of additional solar capacity.

Like many hyperscalers, Meta has been tapping renewables like solar for two main reasons. One, it helps the company stick to its net-zero carbon emissions pledges. But perhaps more importantly, solar power is inexpensive and can be deployed quickly, helping reduce time-to-power, a key bottleneck for any new data center.



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German Gas Reserves Reach Key 70% Threshold, Easing Winter Risks

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Germany has filled its gas reserves to a critical storage level two months ahead of schedule, easing fears about winter heating shortages that only recently fueled talk of potential government intervention.

As of Friday, Germany’s gas storage sites were 70% full — a threshold the government aimed to reach by Nov. 1. Earlier this year, slow injections rattled Europe’s gas market as traders saw little incentive to stockpile. But falling summer gas prices have since spurred a rapid build-up.



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China Factory Activity Slump Continues Despite US Tariff Relief

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China’s factory activity remained stuck in contraction in August, as a government crackdown on price wars holds back production offset the boost for manufacturers of the US’ extended trade truce.



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China’s Stock Rally Is Met With Skepticism in Options Market

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While Chinese stocks traded in Hong Kong climbed for a fourth straight month, derivatives wagers show investors are skeptical about the market.



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