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COINTURK FINANCE > Business > Microsoft Secures Renewable Energy Deal with Zelestra and ECODES
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Microsoft Secures Renewable Energy Deal with Zelestra and ECODES

Overview

  • Zelestra partners with Microsoft and ECODES for solar energy projects in Spain.

  • The collaboration combines energy procurement and support for local sustainability initiatives.

  • Microsoft reaffirms its commitment to carbon negativity and community benefits.

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In a strategic move towards boosting sustainability, Madrid-based renewable energy firm Zelestra has formed a partnership with Microsoft (NASDAQ:MSFT) and the non-profit Fundación Ecología y Desarrollo (ECODES). This collaboration involves a power purchase agreement (PPA) aimed at powering Microsoft’s operations with renewable energy from two new solar projects in Spain. Additionally, they will support sustainable development initiatives in the local communities, demonstrating a multi-faceted approach to environmental responsibility.

Contents
How Will the New Solar Projects Contribute?What Are the Community Benefits?

In recent months, Microsoft has made several commitments to reduce its carbon footprint and promote sustainability. Its pledge to become carbon negative by 2030 and to use renewable energy for its data centers and buildings by 2025 aligns with the goals of this new partnership. These previous announcements laid the groundwork for the initiatives announced now with Zelestra and ECODES, by establishing a strong precedent for Microsoft’s investment in green energy and community-driven sustainability projects.

How Will the New Solar Projects Contribute?

The agreement entails Microsoft purchasing electricity from Zelestra’s Escatrón II and Fuendetodos II solar projects in Zaragoza, Aragón, which are expected to exceed 95 MW in total capacity. These solar initiatives are still under construction but are set to significantly contribute to Microsoft’s goal of operating with 100% renewable energy. The projects will help Microsoft meet its sustainability objectives while contributing to cleaner energy use worldwide.

What Are the Community Benefits?

The involvement of ECODES ensures that community needs remain at the forefront of these developments. The organization will receive funding to implement sustainability programs and grant-making to support local initiatives, particularly those targeting vulnerable groups. This funding will enable the expansion of sustainable infrastructure, promote economic inclusion, and bolster the capacity of local organizations.

Scarlett Alvarez Uzcategui, Chief Stakeholder and Sustainability Officer at Zelestra, has emphasized the long-term commitment to these projects:

“This progressive collaboration with ECODES and Microsoft aligns perfectly with our commitment to deliver meaningful, positive impact in the communities where we operate. We will be present in Aragón for the long-term, managing our projects to support Microsoft’s clean energy needs, and we are certain that the benefits of this initiative will also have a lasting positive impact for communities nearby.”

Microsoft’s Vice President, EMEA Regional Leader, Cloud Operations + Innovation, Eoin Doherty, stressed the importance of community benefits in such ventures:

“As Microsoft grows its presence in Aragon, we are committed to advancing community prosperity, well-being, and sustainability. This collaboration with Zelestra and ECODES is an important part of fulfilling this commitment and ensuring that we meet our clean energy goals in a way that delivers lasting benefits to the local community.”

This partnership not only meets Microsoft’s renewable energy goals but also enhances local community welfare. The strategic collaboration ensures that as technology companies expand, their presence positively influences regional sustainability and economic inclusion. The dual objective of fostering technology growth and community sustainability highlights an evolving industry trend where corporate responsibility and environmental stewardship are mutually reinforcing.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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