Adapture Renewables Expands Partnership with Meta Through Two New Agreements in Texas
OAKLAND, Calif., June 25, 2025--(BUSINESS WIRE)--Adapture Renewables, Inc., a utility-scale solar and energy storage developer and owner-operator, announced the execution of two Environmental Attributes Purchase Agreements (EAPAs) with Meta. These agreements support Meta's sustainability goals and reinforce the ongoing collaboration between the two companies to advance clean energy deployment at scale.
The agreements total 360 MW across two solar projects located in ERCOT that are expected to reach commercial operation in 2027. These projects represent a significant milestone for both Adapture Renewables' growing development pipeline as well as Meta's renewable energy portfolio. As demand for electricity surges, driven in part by the rapid growth of data centers and AI technologies, utility-scale solar projects like these are increasingly critical to meeting grid-wide energy needs.
These new EAPAs build on the three previously executed agreements between Adapture Renewables and Meta in 2023, bringing the total number of agreements between the companies to five, and total capacity to nearly 700MW across three states.
"This expanded partnership reflects the trust and alignment we've built with Meta over time," said Jesse Tippett, VP of Origination at Adapture Renewables. "By structuring long-term agreements that balance risk and value for both parties, we're helping to scale meaningful projects while enabling our partners to meet their clean energy goals."
"Meta is always looking for opportunities to bring new renewable energy to the grid, and partnerships like this help make that possible," said Amanda Yang, Co-Head of Clean and Renewable Energy at Meta. "We're excited to expand our relationship with Adapture Renewables through these new agreements and continue supporting projects that move the energy transition forward."
About Adapture Renewables, Inc.: Adapture Renewables, Inc. is a utility-scale solar and energy storage project developer, owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive projects from origination to long-term operation. Owned by KIRKBI Climate – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to project development and is invested in its projects' long-term success. The company's culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to its success deploying, owning and operating solar and energy storage assets across twelve states, along with a pipeline of projects in development across the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250625225171/en/
Contacts
For Adapture Renewables, Inc.press@adapturerenewables.com
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Forbes
17 minutes ago
- Forbes
What Advice Might Bob Dylan Give Today's Institutional Investors?
American folk-rock singer-songwriter Bob Dylan performing at BBC TV Centre, London, 1st June 1965. ... More (Photo by Val Wilmer/Redferns) Iconic American musician and Nobel Laureate in Literature Bob Dylan's words from 1964 apply to today's markets: 'the times they are a-changin.' As political misalignment in the United States emerges as a material investment risk, investors and companies are increasingly risking their long-term sustainability by downplaying it. Let's examine the hidden cost of downplaying sustainability and why many are underestimating Times Are A-Changin, and Investors Must Change With Them What matters to investors changes over time. This concept of dynamic materiality, first demonstrated by TrueValue Labs (now part of FactSet), can be seen in both cyclical trends and acute shifts. For example, during expansions, when there are tighter labor markets, strong employee relations reduce new issue bond yields, perhaps because strong employee relations help with recruiting and retaining top talent. There is also no relationship between corporate social responsibility (CSR) activities as a proxy for social capital and bond spreads. By contrast, during recessions, employee relations scores are insignificant, and high-CSR firms are able to raise more debt at lower spreads, better credit ratings, and longer maturities. These effects are stronger for firms with higher expected costs of debt. In addition to these cyclical trends, there are also acute shifts in materiality, caused by exogenous shocks like COVID-19, which increased the materiality of the following COVID-19 related social issues between January and June 2020: access and affordability, customer privacy, data security, employee health and safety, labor practices, product quality and safety. Today's acute shift in materiality is caused by rapid legal and regulatory change. As of June 22, 2025, President Trump signed 165 executive orders so far this year—the most in a first year of office since President Franklin D. Roosevelt signed 568 executive orders in 1933. The 83 anti-DEI and 56 anti-ESG (ex-DEI) lawsuits only amplify the abrupt legal and regulatory Emergence of Political Misalignment as a Material Risk. Since 2023, anti-DEI and anti-ESG lawsuits have generated hundreds of millions of dollars in legal and settlement costs. This tangible cost is in addition to the intangible cost of management distraction during lawsuits. As a result, political misalignment in the United States is emerging as a material investment risk, and investors and companies are adjusting their public-facing language to minimize the perception of misalignment. Since adjusting language is easier than reversing initiatives or changing values, many investors and companies are more sustainable than their disclosure suggests. This phenomenon is so new that green-hushing, red-washing, and MAGA-washing are all contenders to describe it with no clear frontrunner. Sustainable investing legal expert and New York University Professor Deborah Burand is one of the first academics to research the harm this creates. Pinocchio with leaf. The Case Against Greenwashing Applies to the Case Against Green-Hushing. The sustainable finance industry long advocated against greenwashing (overstating the environmental benefits of an investment or company) and its analogs. This makes sense: transparency and disclosure are material to investing. And the Biden Administration rightly pursued enforcement actions against investors and companies for false and misleading claims, vague language, or failing to disclose material information about negative social or environmental impacts. Admit That the Waters Around You Have Grown CLARKSVILLE, TENNESSEE - FEBRUARY 16: In this handout provided by the Clarksville Fire Rescue, ... More Clarksville Fire Rescue members perform water rescues to evacuate trapped people during flooding on February 16, 2025 in Clarksville, Tennessee. Severe winter storms brought torrential rains causing intense flooding in Tennessee and parts of Florida and Georgia. (Photo by Clarksville Fire Rescue via Getty Images) Sustainable investors and companies must strike a fine balance. Organizations can mitigate the risk of legal and regulatory challenges from the Trump administration and its supporters—with their headlines, legal expenses, and management distraction—by green-hushing. Avoiding scrutiny may feel safer in this environment. At the same time, this green-hushing can obscure accountability, disperse management and board focus, prevent sharing best practices and lessons learned, and diminish the ability of other organizations to be transparent about their values. Research from Arshia Farzamfar, Pouyan Foroughi, Lilian Ng, and Linyang Yu shows that firms pressured to improve environmental performance do so at the expense of social status, committing more compliance violations related to employment, healthcare, workplace safety, and consumer protection. It is too early for peer-reviewed research linking pressure to reduce political misalignment with committing more violations of fiduciary duty or duty to the mission. Particularly for investors and companies where sustainability drives long-term value creation or aligns with the mission or stakeholder values, this remains a space to watch. Downplaying sustainability can also diminish trust with employees, investors, and other clients who struggle to understand how investors and companies who publicly touted their commitment to sustainability in 2021, 2022, and even 2023 can reverse course so quickly. For example, at least twelve lawyers resigned from law firms that made deals with the Trump administration; Danish pension fund Akademiker terminated an over $400 million 20-year relationship with State Street due to sustainability concerns; and several companies faced boycotts after rolling back diversity, equity, and inclusion (DEI) initiatives. Losing talent, assets, and revenues can slow long-term value creation. These harms extend beyond the organizations choosing to downplay sustainability. Law firms settling with the Trump administration weakened fundamental protections. And when the Gates Foundation extricated itself from the fire by pivoting a scholarship originally for racial and ethnic minorities to Pell Grants (which are based on income and primarily benefit minorities), it became more difficult for other investors and companies to pursue Alternative: Building Resilience And Building Communities A long line of concrete blocks stretches across the sandy beach, creating a visible boundary on the ... More shore. Before deciding to downplay their sustainability, investors and companies may instead consider how to build the resilience to withstand the legal and regulatory risks of preserving their narrative on sustainability. They may wish to form communities of practice to share best practices and lessons learned with similar institutions. Or they simply may wish to dedicate more time to comparing notes with peers one-on-one. Perhaps it's time for these investors and companies to take inspiration from Bob Dylan and 'admit that the waters…have grown…and start swimmin.'
Bloomberg
27 minutes ago
- Bloomberg
Dollar Dips on Report Trump May Name Next Fed Chair Early
Good morning. Donald Trump may name the next Federal Reserve chair early. Shell says it isn't in talks to buy BP. And Denis Villeneuve will direct the next James Bond film. Listen to the day's top stories. The dollar naming a replacement early for Federal Reserve Chair Jerome Powell.
Forbes
30 minutes ago
- Forbes
From Invisible To Influential—Capturing The Rise Of Female Wealth
Female Wealth The financial influence of women is accelerating—but many firms are still using outdated models to serve them. Financial institutions that take the time to understand and support women investors thoughtfully are gaining both new assets and longer-term relationships. Women in the United States are expected to control an estimated $30 trillion in financial assets by 2030—a major realignment in asset ownership driven by demographic, economic, and social shifts. This transition is not abrupt or surprising. But some of the approaches companies are taking for success in managing female wealth are. To begin, why the rise of female wealth? It's the result of long-term trends--women are living longer, inheriting wealth, participating more in the workforce, and attaining higher levels of education. According to McKinsey in their recent paper 'The Face of Wealth, The Rise of the Female Investor,' from 2018 to 2023, the amount of wealth controlled by women grew by 51%, outpacing the broader growth in financial wealth of 43% over the same period. The opportunity then? Despite this growth, women today still remain less likely than men to work with a financial advisor—53% of female-controlled assets are unmanaged, compared with 45% for men. This difference represents a meaningful opportunity for firms that are able to adapt their approaches to serve female wealth. Understanding the Client, Not Just the Market Many firms still treat women as a niche audience or use superficial gender-based marketing approaches that fail to resonate. Do the ads targeting women investors really have to highlight the color pink? BCG's research highlights a better starting point is understanding how women think about wealth. Their investment decisions often reflect long-term goals tied to family, security, or legacy, rather than short-term investment performance. ESG investing presents another differentiating example: 64% of women consider environmental and social impact in investment choices, compared with 40–50% of men. And when women do invest, despite a tendency toward caution, their performance is often strong. Studies show women tend to earn slightly higher average returns than men, partly due to a longer-term approach and lower trading frequency. Women are also demonstrating increasing confidence in financial decision-making, particularly in younger age groups. For instance, among U.S. women under 50, the share expressing confidence in achieving their financial goals rose from 48% in 2018 to 61% in 2023, according to McKinsey. This growing self-assurance is accompanied by greater willingness to switch providers: 56% of U.S. women aged 25 to 34 report being likely to change banks, compared with just 19% of women over 65. Meanwhile, older women—particularly those over 50—are more inclined to pay a premium for in-person financial advice. This trend likely reflects the rising number of widows and divorcées in that demographic, and their preference for customized solutions. Tailoring Services to an Underserved Segment Client service models must be reshaped for women. Female clients consistently express different preferences than male clients—particularly around communication style, goal orientation, and transparency. Personalized advice, delivered clearly and aligned to values, matters more than chasing top-quartile returns. And a recent paper by Capital Group goes further in highlighting the effectiveness of appealing to a woman's aspirations--like financial freedom—in particular for younger women. Moreover, and not surprisingly, representation in advisory teams matters. Women are more likely to engage when they see diversity and feel that their perspectives are understood. And equipping advisors to have different kinds of financial conversations is critical, including style of communication. Savvy companies know to adapt to women's communication preferences, such as leading with questions rather than directives, and prioritizing phone calls over meetings for check-ins. The most successful firms are also implementing structural changes. Onboarding strategies are being tailored to ensure comprehensive financial goal capture, including planning around life transitions—such as caregiving, widowhood, or entrepreneurship. What happens now The increasing financial influence of women is already reshaping wealth management today. Yet many firms continue to apply outdated assumptions or treat women's needs as peripheral. Such an approach comes with a cost not just in missed business, but in lost relevance for those firms. Financial institutions that take the time to understand and support women investors thoughtfully are gaining both new assets and longer-term relationships. The opportunity is not in making bold claims—an approach most women abhor. It's in doing the basics—better.
