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 (GW) of new renewable energy capacity, the companies said on Wednesday (May 1).
The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the US and Europe, a Microsoft spokesperson told Reuters in an e-mailed statement.
The Financial Times first reported on the partnership, and said the 10.5 GW of new capacity would cost more than US$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.
The Microsoft Brookfield partnership marks a significant milestone in the pursuit of renewable energy goals. Additionally, through this collaboration, the two industry leaders intend to tackle the challenges of climate change head-on by investing in innovative renewable energy projects.
Ultimately, by harnessing the power of renewable energy, Microsoft and Brookfield aim to set a new standard for corporate responsibility and environmental stewardship.
The Microsoft Brookfield partnership underscores the importance of collaboration in addressing pressing global challenges. By pooling their resources and expertise, the two companies are poised to make a significant impact on the renewable energy landscape.
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