Microsoft Expands Procurement of Renewable Energy
The tech giant is entering a module and engineering, procurement and construction (EPC) services agreement with clean energy solutions provider Qcells as part of an eight year alliance. The 12 GW agreement is designed to help decarbonize the grid and diversify the global clean energy supply chain.
EPC services agreement
In its largest EPC services agreement to date, Qcells will supply Microsoft with 12 gigawatts (GW) of solar modules and EPC services over the time period - the equivalent to powering more than 1.8 million homes annually. This includes a 2.5 GW module and EPC services commitment previously announced in January 2023. Microsoft continues to invest in purchasing renewable energy and other efforts to meet its sustainability goals of being carbon negative, water positive and zero waste by 2030. With those goals, the two companies will collaborate to bring an estimated 1.5 GW of solar panels a year to projects Microsoft has contracted through 2032.
Long term clean energy procurement
"Our expanded agreement with Qcells is designed to drive large-scale domestic production of solar modules essential to advancing a resilient U.S. supply chain and clean energy economy," said Bobby Hollis, Vice President, Energy, Microsoft. "Through long-term agreements like this we are signalling Microsoft's demand and bringing more renewable energy to the grid, faster."
"We are pleased to be a part of such a substantial commitment that will accelerate the global shift to renewable energy solutions. Qcells is uniquely positioned to ally with Microsoft towards creating a clean, sustainable future because of our investment in building an American-made solar supply chain," said Justin Lee, CEO of Qcells. "We look forward to expanding renewable energy frontiers together today and tomorrow."
Both companies are aiming to develop the global clean energy economy. Microsoft's 2025 commitment is to cover 100% of its electricity consumption with renewable energy.
Read more about how some of the biggest companies in the world are developing their clean energy procurement strategy.
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