financetom
Business
financetom
/
Business
/
EDP Renewables signs virtual power purchase agreement with Microsoft
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
EDP Renewables signs virtual power purchase agreement with Microsoft
Feb 10, 2025 8:14 AM

(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 ( MSFT ).

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 ( MSFT ) 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 ( MSFT ) in the U.S. to five projects, the renewable energy firm said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Important for India to engage with Taliban to safeguard its interest in Afghanistan: Former foreign secretary
Important for India to engage with Taliban to safeguard its interest in Afghanistan: Former foreign secretary
Aug 19, 2021
The Indian government has said it is watching the events in Afghanistan very closely. The immediate priority is safety and return of Indian nationals still stuck in Afghanistan. When asked whether India had established communication with the Taliban, foreign minister S Jaishankar said that it was still early days, as Taliban representatives had just arrived in Kabul.
Explained: How corporates plan to reach net zero; why Scope 3 emissions are tough to track
Explained: How corporates plan to reach net zero; why Scope 3 emissions are tough to track
Aug 19, 2021
Reducing unnecessary business travel, cutting commute times of employees, improving end of life treatment for old products are some key initiatives that companies can take to reduce Scope 3 emissions.
Taliban crisis pushes up dry fruit prices; festive demand may make matters worse
Taliban crisis pushes up dry fruit prices; festive demand may make matters worse
Aug 20, 2021
The Taliban has halted imports and exports with India and has also sealed Afghanistan's borders. But there's reason to hope as a batch of grapes just got cleared for import by Afghan customs.
NASA halts SpaceX work on lunar lander after Blue Origin lawsuit
NASA halts SpaceX work on lunar lander after Blue Origin lawsuit
Aug 20, 2021
Blue Origin has said its lawsuit, filed in the US Court of Federal Claims last week, was "an attempt to remedy the flaws in the acquisition process found in NASA's Human Landing System." A US judge has set an October 14 hearing on the case. NASA said in a statement it paused work with SpaceX on the human landing system through November 1.
Copyright 2023-2026 - www.financetom.com All Rights Reserved