Microsoft, Brookfield to partner to develop new wind, solar farms – EQ
In Short – Microsoft and Brookfield announce a partnership to co-develop new wind and solar farms, aiming to bolster renewable energy infrastructure. This collaboration underscores a shared commitment to combat climate change and promote sustainable energy solutions. By harnessing clean power sources, they strive to advance environmental goals while supporting economic growth and innovation.
In Details – The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters Canada’s Brookfield Asset Management and technology giant Microsoft will develop new wind and solar farms in an attempt to bring over 10.5 gigawatts of new renewable energy capacity, the companies said on Wednesday.
The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe, a Microsoft spokesperson told Reuters in an emailed statement. The Financial Times first reported on the partnership, and said the 10.5 gigawatts of new capacity would cost more than $10 billion, citing recent industry trends.
Both Brookfield and Microsoft did not disclose any financial terms of the agreement. The deal underscores the race to meet clean energy commitments while satisfying the voracious energy demand of cloud computing and artificial intelligence.
