A pretty big deal: Microsoft and Brookfield to develop 10.5 GW of renewables in ‘largest ever’ corporate PPA
Canada’s Brookfield Asset Management and Microsoft have announced the signing of a global renewable energy framework agreement outlining plans to develop more than 10.5 gigawatts of new renewable energy capacity. This agreement is almost eight times larger than the biggest single corporate power purchase agreement (PPA) ever signed.
The agreement is meant to contribute to Microsoft’s goal of having 100% of its electricity consumption matched by zero-carbon energy purchases by 2030, with the demand for cloud services growing. Having contracted almost one GW of renewable capacity to date outside of the agreement, the agreement builds on the existing collaboration, the companies said.
The agreement will not only focus on wind and solar but also “new or impactful carbon-free energy generation technologies,” which were not expanded upon by the companies.
