Microsoft and Brookfield partner to develop over 10.5 gigawatts of new renewable energy capacity

Brookfield Asset Management and Microsoft announced a partnership to develop new wind and solar farms.

This ambitious project aims to bring over 10.5 gigawatts of new renewable energy capacity to the grid. The partnership agreement outlines a roadmap for Brookfield to deliver this substantial renewable energy capacity between the years 2026 and 2030.

The targeted regions for this development are the U.S. and Europe, and based on recent industry trends the of new capacity would come with a price tag of over $10 billion.

While the partnership is confirmed, both Brookfield and Microsoft have chosen to keep the financial terms of the agreement under wraps.

This deal is a testament to the ongoing race to fulfill clean energy commitments. It also highlights the increasing need to cater to the high energy demand driven by advancements in cloud computing and artificial intelligence.

These sectors are known for their high energy consumption, and this initiative is a step towards meeting that demand through renewable sources.

This partnership not only signifies progress in renewable energy development but also underscores the role of technology giants in driving sustainable practices.