Brookfield Asset Management, together with Brookfield Renewable, has signed a PPA with Microsoft to deliver over 10,500MW of renewable energy between 2026 and 2030 in the US and Europe.
The agreement includes the potential to increase its scope to deliver additional capacity within the US and Europe, and beyond to Asia-Pacific, India, and Latin America.
It also provides an incentive for Brookfield to build a large portfolio of renewables projects over the coming years.
The agreement provides Microsoft with access to a pipeline of green energy to support the growing demand for cloud services at home and at work.
The scale of the new capacity from Brookfield will contribute to the decarbonization of the grid and accelerate the global shift to renewables solutions within the cloud industry.
The agreement will not only focus on wind and solar, but also new or impactful carbon-free energy generation technologies.
Chief executive of Brookfield Renewable and president of Brookfield Asset Management Connor Teskey (pictured) said: “As the global trend of digitalisation and the adoption of AI continues to drive growth in demand for electricity, we are thrilled to collaborate with Microsoft to support their customer demand with the build-out of over 10.5GW of renewable energy capacity.
“This first-of-its-kind agreement, which is almost eight times larger than the largest single corporate PPA ever signed, is a testament to our ability to reliably deliver clean power solutions at scale to our corporate partners and accelerate the energy transition.”
Microsoft’s general manager of renewables, carbon free energy, and carbon dioxide removal Adrian Anderson, added: “Microsoft wants to use our influence and purchasing power to create lasting positive impact for all electricity consumers.
“This collaboration with Brookfield drives the innovative development of more diverse energy grids globally and contributes to delivering our goal of achieving 100% of our electricity consumption, 100% of the time, matched by zero carbon energy purchases by 2030.”