- Microsoft and Brookfield Asset Management collaborate to invest over $10 billion in renewable energy.
- Brookfield will supply Microsoft with 10.5 gigawatts of renewable energy by 2030.
Microsoft and Brookfield Asset Management have unveiled an ambitious collaboration. They announced plans to invest over $10 billion in renewable energy infrastructure.
To power the ever-expanding demands of artificial intelligence (AI) and data centres. Brookfield will deliver 10.5 gigawatts of renewable energy to Microsoft between 2026 and 2030.
This is stated as part of the agreement. They are spanning critical locations in the United States and Europe. This landmark deal is the most significant single electricity purchase agreement between two corporate entities.
They are underscoring the magnitude of the commitment to sustainable energy solutions. Brookfield’s pledge of renewable capacity also eclipses the current electricity consumption of data centres in Northern Virginia, the epicentre of the global data centre market, by a factor of three.
The substantial investment in renewable energy infrastructure, projected to surpass $10 billion, underscores the scale and significance of Microsoft and Brookfield’s partnership.
Driven by a shared commitment to environmental stewardship, Microsoft has set a bold target for transition: 100% zero-carbon energy purchases by 2030.
This commitment aligns seamlessly with the broader objectives of the collaboration, which aim to harness renewable sources such as wind, solar, and emerging carbon-free technologies to power critical operations.
Moreover, the partnership has the potential to expand beyond its initial scope. Encompassing additional energy capacity across Asia, Latin America, and India. Such expansionary prospects further underscore the collaboration’s transformative impact on a global scale.
Against the backdrop of surging electricity demand in the United States, fueled by the proliferation of AI, expansion in semiconductor and battery manufacturing, and the ongoing electrification of the vehicle fleet, this collaboration assumes heightened significance. According to projections from an April Wells Fargo Research report.
Electricity consumption in the United States is forecasted to surge by 20% by the decade’s end. This will mark a notable departure from a decade of stagnant growth. In this context, the Microsoft-Brookfield partnership is a pivotal force. That drives the transition towards a more sustainable and resilient energy ecosystem.