Meta 'thrilled' to partner with Enbridge on US$900M solar farm
Calgary-based Enbridge's new solar facility near San Antonio, Texas, will help power Meta's data centre boom.
Article content
Dubbed Clear Fork, construction on the utility-scale solar facility is underway. When it's expected to complete in 2027, the farm will have a capacity of 600 megawatts.
Article content
Meta Platforms, Inc., which owns applications like Facebook, Instagram and WhatsApp, has signed a long-term contract for 100 per cent of the renewable output of the project, according to Enbridge.
Article content
Article content
The project demonstrates growing demand for renewable power across North America, particularly from companies involved in technology and data centre operations, said Matthew Akman, executive vice president of corporate strategyu and president, power at Enbridge.
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
an hour ago
- Cision Canada
Fisher Investments Receives Multiple 2025 Top Workplace Honors
PLANO, Texas, /CNW/ -- Fisher Investments, one of the world's largest independent, fee-only investment advisers, received three honors from Top Workplaces, including being named to the 2025 Top Workplaces USA list. In addition, Fisher Investments received Top Workplaces' honors for Compensation & Benefits and a 2025 Top Workplace in Financial Services. Leading employer research firm Energage manages the Top Workplaces USA program, which recognizes organizations with a people-first culture of excellence. "These recognitions reflect our steadfast commitment to fostering a workplace culture of excellence for our employees," said Fisher Investments' CEO Damian Ornani. "We take great pride in creating an atmosphere where employees can thrive, which enables us to better serve more clients around the world." Top Workplaces USA recognition is based on feedback from the firm's thousands of US-based employees. Energage anonymously surveyed employees on 15 culture drivers, measuring aspects of workplace culture such as employee engagement, confidence in leadership, training and benefits. Scoring well indicates a healthy and productive culture, highly engaged employees and superior business results. To participate, companies must have at least 150 employees and achieve a survey response rate of 35% or higher. Companies with the highest overall scores in each size category qualify as Top Workplaces. The Top Workplaces for Compensation & Benefits award celebrates organizations that provide employees not only with material rewards but also with the appreciation for their work. About Fisher Investments Founded in 1979, Fisher Investments is an independent, fee-only investment adviser. Fisher Investments and its affiliates manage over $347 billion across three principal businesses—Institutional, US Private Client, and Private Client International. Founder and Executive Chairman Ken Fisher wrote Forbes'"Portfolio Strategy" column for over 32 years until 12/31/2016, making him the longest continuously running columnist in the magazine's history. He now writes monthly, native language columns in 25 major media organs around the world—including the New York Post— spanning more countries and more languages in more total reach than any other, non-syndicated columnist of any type ever. Ken appears regularly on major TV news like Fox News, Fox Business, Sky News (UK and Australia), BNN Bloomberg, CNN International, and the BBC. Ken has written 11 investing and finance books, including four New York Times bestsellers. For more information about Fisher Investments visit Media Contacts
Cision Canada
2 hours ago
- Cision Canada
LALIGA and Remitly Sign Multi-Year Partnership Across North America
Online remittances service company will become inaugural title sponsor of pickup soccer events across U.S. and Canada , /CNW/ -- Remitly is a trusted provider of digital financial services that transcend borders, empowering millions of customers to support their loved ones with confidence—without sacrificing the value of their hard-earned money. Striving to further its support of the immigrant community, the Seattle-based online remittance service company founded in 2011 is partnering with LALIGA across the United States and Canada via a multi-year deal beginning with the 2025/26 season. Remitly will become the title sponsor of pickup soccer events held throughout the country as part of El Partidazo, LALIGA's fan-focused event series featuring soccer participation events, LALIGA legend appearances and watch parties in conjunction with the biggest LALIGA matches of the season. "Remitly is rooted in supporting families and communities around the world," said Rina Hahn, Chief Marketing Officer at Remitly. "Our partnership with LALIGA creates new opportunities to bring people together through the universal language of soccer—fostering connection, joy and a sense of belonging in the communities we serve across the U.S. and Canada." Additionally, Remitly will have a presence during LALIGA broadcasts in the U.S. and Canada through LED boards and the 3D carpet near the goal during select Real Madrid, FC Barcelona and Atlético de Madrid matches. Remitly and LALIGA will also provide all El Partidazo youth pickup participants with their own pickup soccer starter kit including a soccer ball, pinnies and cones to continue to play and celebrate the beautiful game in their respective communities. LALIGA North America entertained more than 13,000 registered fans across six El Partidazo events in Chicago, Dallas, Houston, Los Angeles, Miami and New York City during the 2024/25 LALIGA season, and is expected to host at least five events during the upcoming campaign. "LALIGA has long held a deep, cross-national connection with Hispanic Americans, serving as a shared passion that bridges cultures and generations," said Santiago Lucio, LALIGA North America Head of Sales. "Our partnership with Remitly builds on that connection—just as LALIGA keeps fans close to the game they love, Remitly helps them stay connected to home." About LALIGA North America LALIGA North America is a 50-50 joint venture between LALIGA and Relevent that serves as the exclusive representation of LALIGA in the United States, Canada and Mexico for all commercial and development activities. The venture manages the media rights and commercial agreements on behalf of LALIGA and supports its growth in the region through consumer-related activities including content development, events and activations, marketing agreements, and development of youth academies and coaches. About Remitly Remitly is a trusted provider of digital financial services that transcend borders. With a global footprint spanning more than 170 countries, Remitly's digitally native, cross-border payments app delights customers with a fast, reliable and transparent money movement experience. Building on its strong foundation, Remitly is expanding its suite of products to further its vision and transform lives around the world. FOR FURTHER INFORMATION:
Globe and Mail
2 hours ago
- Globe and Mail
Mastercard in a Spree to Boost Cross-Border Payments in the UAE
Mastercard Incorporated MA and Worldpay recently teamed up to leverage Mastercard Move and enhance money movement for consumers and businesses in the UAE. As part of this partnership, Worldpay's Push-to-Card solution will facilitate swift and seamless domestic and international card-based payouts. These include diverse use cases such as gig worker payments, insurance settlements, remittances and crypto withdrawals — all underpinned by Mastercard's strong security framework and reliable infrastructure. For consumers, this means faster access to their money, while businesses gain streamlined and more efficient payout capabilities, without the need to exchange banking details. Additionally, the solution enables Worldpay's merchants to use their existing acquiring flows to fund disbursements, simplifying processes and minimizing dependence on multiple service providers. A few days before the latest initiative, Mastercard and an UAE-based fintech Zand entered into a strategic partnership. Through the utilization of Mastercard Move's money movement solutions, the collaboration will allow Zand to deliver secure, seamless and efficient international money transfer services to its customers. Such initiatives reflect Mastercard's sincere efforts to enhance cross-border payment capabilities across the UAE and accelerate the adoption of digital transactions nationwide. Mastercard Move empowers banks, non-bank financial institutions and their customers—including direct disbursers—with secure, near-instant money transfer solutions, both within countries and across borders. The suite of solutions covers more than 200 countries, supports 150+ currencies, and reaches more than 95% of the world's banked population. The increased usage of Mastercard Move is expected to boost its cross-border volumes, which advanced 15% on a local currency basis in the second quarter of 2025. How are Competitors Faring? Some of Mastercard's competitors across the UAE include PayPal Holdings, Inc. PYPL and Visa Inc. V. PayPal boasts a significant presence in the UAE. This April, PYPL opened its first Middle East and Africa hub in Dubai, serving 80 countries. The site will boost cross-border commerce and empower businesses with AI-driven payments. Its cross-border total payment volume grew 10% year over year in the second quarter of 2025. Visa operates in the UAE and functions as a payment network, facilitating transactions for various financial institutions and their customers within the country. V cards are widely accepted throughout the UAE for both retail purchases and online transactions. Visa's cross-border volume improved 12% year over year in the third quarter of fiscal 2025. Mastercard's Price Performance, Valuation & Estimates Shares of Mastercard have gained 24.5% in the past year compared with the industry 's 19.3% growth. From a valuation standpoint, MA trades at a forward price-to-earnings ratio of 32.44, above the industry average of 21.61. The Zacks Consensus Estimate for Mastercard's 2025 earnings implies a 11.7% rise from the year-ago period. The consensus mark for revenues indicates 15.1% year-over-year growth. Image Source: Zacks Investment Research MA currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. See our %%CTA_TEXT%% report – free today! 7 Best Stocks for the Next 30 Days Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mastercard Incorporated (MA): Free Stock Analysis Report Visa Inc. (V): Free Stock Analysis Report PayPal Holdings, Inc. (PYPL): Free Stock Analysis Report
