Brookfield Asset Management, Brookfield Renewable, and Microsoft have inked a global renewable energy framework agreement. This move aligns with Microsoft’s target of achieving 100% electricity consumption from zero carbon sources by 2030. The collaboration has already secured nearly 1 GW of renewable capacity. The deal foresees Brookfield delivering over 10.5 GW of new renewable energy between 2026 and 2030 across the US and Europe. Moreover, it opens avenues for expanding renewable energy capacity in regions like Asia-Pacific, India, and Latin America. Microsoft gains access to a stream of new renewable energy, vital for meeting the growing cloud service demands. According to Brookfield, this landmark agreement, eight times larger than any corporate PPA before it, signals a significant leap towards global renewable energy adoption.
Brookfield, Microsoft partner for carbon-free energy
Microsoft and Brookfield have signed an agreement to deliver over 10.5 GW of renewable energy by 2030. (Image Credit: Brookfield Asset Management)
Actualize Solar has signed five long-term PPAs in 2024, advancing its 1.5 GW solar project portfolio across six US states. (Image Source: Businesswire)
Located in Enna and Catani a, the 242.78 MW solar plant was designed to produce 400 GWh annually, meeting the needs of 154,000 households. (Inage Source: Iberdola)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)