EDP Renewables signs virtual power purchase agreement with Microsoft


FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 25, 2024. REUTERS/Gonzalo Fuentes/File Photo

(Reuters) - EDP Renewables North America said on Monday it has delivered three utility-scale solar projects and signed a long-term virtual power purchase agreement with tech giant Microsoft.

Big Tech firms have devoted tens of billions of dollars to AI data center development over the past year, while actively seeking cleaner energy sources to power them and reduce their carbon emissions.

The projects will generate about 400 megawatts, out of which Microsoft will purchase about 389 MW of electricity and renewable energy credits through virtual power purchase agreements.

EDP stated the projects in Illinois, which include a 140 MW solar project in Jacksonville and a 110 MW park near Jerseyville, began operations in November of last year.

The third project is a 150 MW solar park located near Austin, Texas, which came online in December.

Monday's announcement increases EDP's total operational portfolio with Microsoft in the U.S. to five projects, the renewable energy firm said.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Vijay Kishore)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Exclusive-India slaps Samsung with tax demand of $601 million for telecom imports
Why one video game studio is protecting its coders from harassment
BlackRock launches first bitcoin product in Europe
Chinese humanoid robot maker Agibot plans to match Musk’s Optimus output this year
Survey: Some employees are ‘sabotaging’ their company’s AI strategy
India plans to scrap digital ad tax to ease U.S. concerns, source says
The tell-all book that Meta doesn’t want you to read
Papua New Guinea loses Facebook during police 'control systems' test
China’s DeepSeek unveils latest update in race with OpenAI
Trump officials texted war plans to a group chat in a secure app that included a journalist

Others Also Read