Brookfield Asset Management, Brookfield Renewable, and Microsoft have signed a five-year global renewable energy framework agreement to help Microsoft achieve its zero-carbon strategy by 2030. This includes contributing to Microsoft's goal of having 100% of its electricity consumption, 100% of the time, matched by zero-carbon energy purchases.
The agreement provides a pathway for Brookfield to deliver over 10.5 GW of new renewable energy capacity between 2026 and 2030 in the US and Europe. It not only has the potential to deliver additional renewable energy capacity within the US and Europe and beyond to Asia-Pacific, India, and Latin America but also provides an incentive for Brookfield to build a portfolio of new renewable energy projects in the future.
The agreement allows Microsoft to access a pipeline of new renewable energy capacity to support the growing demand for cloud services at home and at work. The scale of the new capacity from Brookfield will also contribute to the decarbonization of the grid and accelerate the global shift to renewable energy solutions within the cloud industry.
The agreement will focus on wind, solar, and new or impactful carbon-free energy generation technologies.
“Microsoft wants to use our influence and purchasing power to create lasting positive impact for all electricity consumers,” said Adrian Anderson, General Manager of Renewables, Carbon Free Energy, and Carbon Dioxide Removal (CDR). “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.”
