- Microsoft Corp (NASDAQ:MSFT) agreed to buy a massive amount of clean energy to power a data center in Ireland, Bloomberg reports.
- Statkraft AS, Europe’s largest generator of renewables, will provide Microsoft with 366 megawatts of wind and solar energy, marking the supplier’s first power-purchase agreement in Ireland.
- The financial terms of the deal remain undisclosed.
- The renewable power for Microsoft in Ireland will come from six projects, including three wind and three solar located across the country.
- The Norwegian company will fund and manage their construction, and the power-purchase agreement will start once the projects begin operating.
- Lately, companies like Microsoft have struggled to get planning permission for specific data centers as they battled mounting regulatory pressure to clean up their energy consumption.
- Amazon.com, Inc (NASDAQ:AMZN) expanded its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects.
- The expansion included its first renewable energy project in South America, a solar farm in Brazil, and its first solar farms in India and Poland.
- Samsung Electronics Co, Ltd (OTC:SSNLF) looks to invest over KRW 7 trillion ($5.02 billion) by 2030 as part of sweeping environmental initiatives to become carbon neutral by 2050.
- Price Action: MSFT shares traded higher by 0.20% at $245.57 on the last check Wednesday.
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