Brookfield Asset Management, together with Brookfield Renewable and Microsoft have inked a global renewable energy framework agreement. The five-year agreement provides a pathway for Brookfield to deliver over 10.5 GW of new renewable energy capacity between 2026 and 2030 in the U.S. and Europe.
Moreover, the agreement allows for potential expansion, enabling Brookfield to deliver additional renewable energy capacity not only within the U.S. and Europe but also extending to regions such as Asia-Pacific, India, and Latin America.
The agreement offers Microsoft with access to a pipeline of new renewable energy capacity to support the growing demand for cloud services at home and at work. The scale of the new capacity from Brookfield will contribute to the decarbonisation of the grid and accelerate the global shift to renewable energy solutions within the cloud industry.
Additionally, the agreement emphasises a broad approach, encompassing not just wind and solar energy but also exploring innovative carbon-free energy generation technologies with significant potential impact.
