Microsoft has signed a number of Power Purchase Agreements (PPAs) with European Energy. The renewable energy will be produced by a portfolio of wind and solar assets in Sweden and Denmark.
Microsoft will offtake from 180.6MW worth of projects, including the region’s first utility-scale hybrid wind and solar project. The hybrid project allows more efficient use of existing grid connections, allowing more renewable MWh to be added to the grid without the time and expense of constructing additional infrastructure.
Denmark-based European Energy was founded in 2004 and develops and operates wind and solar farms across the world. The agreements will deliver over 3.6 TWh over the contract period, supporting Microsoft’s goal to meet all its energy demand with power from renewable sources by 2025 and be carbon negative by 2030.
Towards 100% renewable energy
“We are excited that Microsoft has committed itself to driving forward the green transition. The roll-out of renewable power is dependent on major stakeholders dedicating themselves to buying the renewable electricity that is being produced from these assets, which require substantial capital investments,” said Jens-Peter Zink, Deputy CEO of European Energy.
“At Microsoft, we are committed to playing our part in supporting the decarbonisation of energy grids in markets in which we operate', said Adrian Anderson, General Manager of Renewables, Carbon Free Energy, and Carbon Dioxide Removal (CDR). "We’re pleased the projects we contracted with European Energy have achieved commercial operation – directly contributing to our sustainability goals which includes a 100% renewable energy coverage for the company’s operations by the end of 2025,” “Having reliable partners who can deliver is critical for achieving our carbon negative goals.”
