- Brookfield Renewable and Microsoft have signed a global renewable energy framework agreement to contribute to Microsoft’s goal.
- The agreement provides Microsoft access to a new renewable energy capacity pipeline to support the growing demand for cloud services.
Brookfield Asset Management, Brookfield Renewable, and Microsoft have signed a global renewable energy framework agreement to contribute to Microsoft’s goal of having 100 percent of its electricity consumption, 100 percent of the time, matched by zero-carbon energy purchases by 2030.
Moreover, having contracted almost one gigawatt of renewable capacity outside of the agreement, this agreement builds on the strong collaboration and extends it into the future.
The agreement includes the potential to expand its scope to deliver additional renewable energy capacity within the US, Europe, and beyond to Asia-Pacific, India, and Latin America. It also incentivises Brookfield to build an extensive portfolio of new renewable energy projects over the coming years.
The agreement provides Microsoft access to a new renewable energy capacity pipeline to support the growing demand for cloud services at home and work. The scale of the new capacity from Brookfield will contribute to the decarbonisation of the grid and accelerate the global shift to renewable energy solutions within the cloud industry. The agreement will focus on wind and solar and new or impactful carbon-free energy generation technologies.
Connor Teskey, CEO of Brookfield Renewable and President of Brookfield Asset Management, noted, “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 10.5 gigawatts of renewable energy capacity. This first-of-its-kind agreement, 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.”
Furthermore, Adrian Anderson, General Manager of Renewables, Carbon-Free Energy, and Carbon Dioxide Removal (CDR), said, “Microsoft wants to use our influence and purchasing power to create lasting positive impact for all electricity consumers. This collaboration with Brookfield drives the innovative development of more diverse energy grids globally. It contributes to achieving 100 percent of our electricity consumption, 100 percent of the time, matched by zero-carbon energy purchases by 2030.”