Thursday, July 18, 2024

Microsoft publicizes largest company procurement of renewables – pv journal International

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Microsoft indicators 10.5 GW of renewable power with Brookfield Renewable Partners. The tasks may value greater than $11.5 billion to construct, based on BloombergNEF.

From pv journal USA

Microsoft has signed the biggest company energy buy settlement (PPA) for renewable power, signing greater than 10.5 GW of capability within the United States and Europe.

The tasks are set to start building in 2026. BloombergNEF estimates that the portfolio will take greater than $11.5 billion to construct. Microsoft and Brookfield say the deal is almost eight occasions bigger than every other company renewable PPA.

The firms stated the settlement will focus totally on photo voltaic and wind technology, however may even embrace “new or impactful carbon-free power manufacturing applied sciences.”

“This is completely the biggest single announcement for a company clean-power buy settlement ever,” stated BloombergNEF analyst Kyle Harrison. “This solidifies Microsoft because the second largest company purchaser of fresh power via PPAs, after Amazon.”

Power consumption within the US has undergone modest progress over the previous 20 years, however demand has elevated quickly as datacenters supporting AI growth and operations have larger energy necessities. Power generator Exelon Corp. projected a 900% improve in electrical energy demand within the Chicago space from deliberate information facilities.

Rapidly rising electrical energy necessities coupled with company targets for clear power adoption are anticipated to proceed to generate demand for renewables. Microsoft plans to match all electrical energy consumption with net-zero power purchases by 2030.

Microsoft is lively in buying photo voltaic PPAs, securing two PPAs for 400 MW in Texasand a 98 MW challenge in Louisiana. It additionally agreed a 12 GW photo voltaic module procurement cope with Qcellswhich incorporates engineering, procurement, and building (EPC) companies from the module supplier over an eight-year interval.

In addition to buying renewable power to scale back its emissions profile, Microsoft is taking steps to scale back electrical energy demand in its information facilities. The firm develops liquid-immersion cooling, grid-interactive uninterrupted energy provide (UPS) batteries, and extra.

Brookfield Renewable has gone via quite a lot of progress lately. In 2023, it secured the biggest renewable power merger and acquisition transaction, securing utility Duke Energy’s unregulated business renewables enterprise for $2.8 billion.

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