Microsoft has signed a deal with Brookfield Asset Management to invest more than $10 billion to develop renewable energy capacity to power the growing demand for artificial intelligence and data centers, the companies announced on Wednesday.
Brookfield will deliver 10.5 gigawatts of renewable energy for Microsoft between 2026 and 2030 in the U.S. and Europe under the agreement.
The 10.5 gigawatts of renewable capacity is 3 times larger than the 3.5 gigawatts of electricity consumed by data centers in Northern Virginia, the largest data center market market in the world.
A Brookfield spokesperson said the deal would lead to more than $10 billion of investment in renewable energy.
The scope of the deal could increase to include additional energy capacity in the U.S. and Europe, as well as Asia, Latin America and India, the companies said.
Persons:
Satya Narayana Nadella, Wells
Organizations:
Microsoft, Brookfield Asset Management, Brookfield, Research
Locations:
Manhattan, New York City, U.S, Europe, Northern Virginia, Asia, Latin America, India