- Microsoft Corp (NASDAQ:MSFT) agreed to buy a massive amount of clean energy to power a data center in Ireland, Bloomberg reports.
- Statkraft AS, Europe’s largest generator of renewables, will provide Microsoft with 366 megawatts of wind and solar energy, marking the supplier’s first power-purchase agreement in Ireland.
- The financial terms of the deal remain undisclosed.
- The renewable power for Microsoft in Ireland will come from six projects, including three wind and three solar located across the country.
- The Norwegian company will fund and manage their construction, and the power-purchase agreement will start once the projects begin operating.
- Lately, companies like Microsoft have struggled to get planning permission for specific data centers as they battled mounting regulatory pressure to clean up their energy consumption.
- Amazon.com, Inc (NASDAQ:AMZN) expanded its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects.
- The expansion included its first renewable energy project in South America, a solar farm in Brazil, and its first solar farms in India and Poland.
- Samsung Electronics Co, Ltd (OTC:SSNLF) looks to invest over KRW 7 trillion ($5.02 billion) by 2030 as part of sweeping environmental initiatives to become carbon neutral by 2050.
- Price Action: MSFT shares traded higher by 0.20% at $245.57 on the last check Wednesday.
Dow Jumps More Than 100 Points Following Release Of Fed Minutes
U.S. stocks traded higher toward the end of trading, following the release of minutes from the recent Federal Reserve meeting, which suggest inflation remains the central bank's top priority. The country's central bank reiterated its prior intentions to do whatever it takes to bring inflation down.
