星期四, 十月 1, 2020
Home PV Companies Microsoft inks largest-ever solar PPA in the U.S. with Sol Systems

Microsoft inks largest-ever solar PPA in the U.S. with Sol Systems

Source:Sol Systems

Sol Systems, a national solar energy finance and development firm, announced a new initiative with Microsoft that creates the first community investment fund and the company’s single largest renewable energy portfolio energy purchase agreement. Sol Systems and Microsoft designed the portfolio to maximize its positive environmental, community and societal impact. The strategic initiative will help Microsoft meet its goal of shifting to 100% renewable energy by 2025.
Sol Systems will finance, develop and operate a portfolio of over 500 MW of solar projects in the U.S. and will sell energy from those projects to Microsoft. In parallel, working with local leaders in nearby communities and those disproportionately impacted by climate change, Sol Systems and Microsoft will invest at least $50 million for community-led grants and investments that support educational programs, job and career training, habitat restoration, and programs that support access to clean energy and energy efficiency.
“This marks a groundbreaking commitment by Microsoft, Sol Systems and our employees to invest in our communities and drive economic recovery,” said Sol Systems CEO and co-founder Yuri Horwitz. “This is a unique approach to couple clean energy with community development and investment.”
“We recognize that climate and environmental issues don’t impact every community the same way and we need to address environmental equity as a broader issue,” said Lucas Joppa, chief environmental officer at Microsoft. “Our work with Sol Systems is a first-of-its-kind initiative tying the purchasing of renewable energy to environmental justice and equity in under-resourced communities. What makes this partnership unique is that we will be working with local leaders, prioritizing minority and women-owned businesses and making community-lead grants and investments.”
Delivery of the portfolio will be phased in over the next several years. Learn more about Microsoft’s carbon goals at Microsoft on the Issues.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Apple data center in Denmark powered by 50 MW of solar

Apple has revealed that its data center in Viborg, Denmark, is now being powered by a 50 MW solar project under a long-term power...

Solar + storage experiment in Tampa Bay selected for Solar Energy Innovation Network project

An innovative solar + storage research project led by the Tampa Bay Regional Planning Council has been selected as a finalist for the Solar...

Chinese PV Industry Brief: 350 MW wind-solar project, 200 MW of floating PV

Longyuan Energy said this week that it has signed an agreement with the municipal authorities in Binzhou, Shandong province, to build 300 MW of solar...

IEEE creates education and credentialing program for interconnecting distributed resources to the grid

IEEE and the IEEE Standards Association (IEEE SA) announced the IEEE Std 1547-2018 Distributed Energy Resources (DER) Interconnection Commissioning: Education and Credentialing Program, a new...