RWE has signed two 15-year Power Purchase Agreements (PPAs) with Microsoft Corporation. RWE will supply renewable energy from its two new onshore wind projects in Texas, with a combined capacity of 446 MW. Furthermore, the two new onshore wind farms will expand the company’s footprint in Texas to nearly 5 GW.

Andrew Flanagan, CEO of RWE Clean Energy, said, “As RWE, we are excited to be working with Microsoft to provide the clean electricity they need to achieve their sustainability goals. We’re united in our efforts to deliver a clean energy future. As a growing green business, we are committed to driving our renewable targets and supporting local communities in growing sustainably.” 

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RWE has brought together leading renewable industry companies like Vestas, Wanzek Construction, Inc., and RES, a global renewable energy solutions company, to construct the two onshore wind farms named Peyton Creek II and Lane City.

Texas is RWE’s largest renewable energy market in the USA, with 33 operational renewable projects totaling 4.3 GW of installed capacity, enough to power 2.76 million homes annually. Once the two projects are completed, RWE’s renewable footprint in Texas will have a renewable energy capacity of 4.8 GW.

Why does Microsoft Sign PPAs with Renewable Energy Companies?

Microsoft signs Power Purchase Agreements (PPAs) with renewable energy companies like RWE for a few key reasons:

Sustainability Goals: Microsoft has ambitious sustainability goals, aiming for 100% of its electricity consumption to be covered by zero-carbon energy purchases by 2030. PPAs with renewable energy providers help them reach this target by ensuring access to clean energy sources like wind and solar.

Price Stability and Long-Term Supply: PPAs typically lock in energy prices for a set period, offering Microsoft some protection against energy market fluctuations. Additionally, these agreements guarantee a long-term renewable energy supply, which is crucial for powering their data center infrastructure.

Driving Renewable Energy Growth: By entering into PPAs, Microsoft creates a financial incentive for companies to build new renewable energy projects worldwide. This increased demand helps accelerate the growth of the renewable energy sector, contributing to a cleaner energy grid.

Read: Statkraft Completes the Acquisition of a Major Renewable Energy Company in Spain

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