Microsoft Signs Largest Corporate PPA in Europe

This article first appeared on the BNEF mobile app and the Bloomberg Terminal.

  • Tech giant will purchase 180MW from Vattenfall wind farm
  • Companies have purchased 360MW of renewables in EMEA in 2017

EMEA corporate PPA volumes, by technology

Source: Bloomberg New Energy Finance. Note: Other refers to biomass & waste, hydro and geothermal projects, EMEA refers to Europe, Middle East and Africa Region. 

Microsoft’s 180 megawatt agreement with Vattenfall for a Netherlands wind farm is the largest corporate power purchase agreement ever signed in Europe (as of 6 November 2017) and is equivalent to the electricity demand at its data-center operations. The announcement comes shortly after Microsoft’s recent 37MW contract for a wind farm in Ireland, the first ever signed in the country. Microsoft follows a trend of U.S. companies that have met their renewable energy targets domestically and are looking to offset their utility electricity demand abroad, such as Google and Facebook. Microsoft’s recent announcements more than double 2017 corporate PPA volumes in the Europe, Middle East and Africa (EMEA) region.

See the full research report here.

BNEF Shorts are research excerpts available only on the BNEF mobile app and the Bloomberg Terminal, highlighting key findings from our reports. If you would like to learn more about our services, please contact us.

About BloombergNEF

BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Our expert coverage assesses pathways for the power, transport, industry, buildings and agriculture sectors to adapt to the energy transition. We help commodity trading, corporate strategy, finance and policy professionals navigate change and generate opportunities.
 
Sign up for our free monthly newsletter →

Want to learn how we help our clients put it all together? Contact us