Microsoft and Brookfield Joint Venture to Develop 10.5 GW Renewable Energy Projects

Brookfield Asset Management and Microsoft  partnership plans to develop renewable projects with an overall capacity of 10.5 GW. The collaboration is part of Microsoft's broader strategy to power its data centers with renewable energy. The company expects the partnership with Brookfield to help finance the development of renewable power projects in US and Europe. Furthermore, the projects are slated to be built between 2026 and 2030.

The deal underscores the race to meet clean energy commitments while satisfying the voracious energy demands of cloud computing and artificial intelligence. The 10.5 gigawatts of new capacity would cost more than USD 10 billion, based on recent industry trends. The agreement provides a pathway for Brookfield to deliver the new renewable energy capacity between 2026 and 2030 in the U.S. and Europe. 

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However, Brookfield and Microsoft did not provide further details regarding the deal. This partnership is a significant step in the global shift towards renewable energy. It not only highlights the role of tech companies in driving this change but also underscores the importance of collaborative efforts in achieving sustainability goals. 

While the details of the projects are yet to be disclosed, the announcement has generated considerable interest in the industry. This partnership may play a pivotal role in shaping renewable energy projects around the world.
 

About Brookfield Asset Management

Brookfield Asset Management is a leading global alternative asset manager, with over USD 900 billion in assets under management. The company is invested in long-life, high-quality assets and businesses across five continents.

Brookfield is one of the world's largest investors in renewable power and climate transition assets, with almost 33,000 MW of generating capacity. The company operates across five continents, managing a diverse portfolio of hydro, wind, solar, distributed energy, and sustainable solutions. This diverse asset base provides stable cash flows, with the majority of power sold to public power authorities, utilities, and global businesses under a long-term, inflation-linked contract.

Brookfield's renewable energy portfolio includes hydroelectric, wind, and solar facilities. The company's hydropower facilities are perpetual assets, providing reliable clean energy and storage. The company has invested in wind power projects in North America, South America, Europe, and Asia. 

Read: Microsoft to Invest $1.7 Billion for AI and Data Center Infrastructure in Indonesia

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