Brookfield and Microsoft have signed a global renewable energy framework agreement to contribute to Microsoft’s goal of having 100% of its electricity consumption matched by zero carbon energy purchases by 2030.
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The deal will see Brookfield to deliver over 10.5GW of new renewable energy capacity between 2026 and 2030 in the US and Europe. The agreement includes the potential to increase its scope to deliver additional renewable energy capacity within the US and Europe, and beyond to Asia-Pacific, India, and Latin America, and provides an incentive for Brookfield to build a large portfolio of new renewable energy projects over the coming years.
The agreement provides Microsoft with access to a pipeline of new renewable energy capacity to support the growing demand for cloud services at home and at work.
Brookfield Renewable CEO and Brookfield Asset Management president Connor Teskey said, “As the global trend of digitalisation and the adoption of AI continues to drive growth in demand for electricity, we are thrilled to collaborate with Microsoft to support their customer demand with the build-out of over 10.5GW of renewable energy capacity.
“This first of its kind agreement, which is almost eight times larger than the largest single corporate PPA ever signed, is a testament to our ability to reliably deliver clean power solutions at scale to our corporate partners and accelerate the energy transition.”
Microsoft general manager of renewables, carbon free energy and carbon dioxide removal Adrian Anderson said, “Microsoft wants to use our influence and purchasing power to create lasting positive impact for all electricity consumers.
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“This collaboration with Brookfield drives the innovative development of more diverse energy grids globally and contributes to delivering our goal of achieving 100% of our electricity consumption, 100% of the time, matched by zero carbon energy purchases by 2030.”
