Statkraft Ireland is all set to supply Microsoft with 366MW of clean energy.
This agreement means it will use wind and solar power produced by the renewable energy company. It is is Statkraft’s first power purchase agreement (PPA) in Ireland.
According to Statkraft, it will fund and manage the construction of the wind and solar farms along with the operation.
It has been informed that renewable power will be generated from six projects including three wind and three solar projects.
Kevin O’Donovan, MD of Statkraft Ireland, commented, “As Europe’s largest renewable energy company, Statkraft is already a key player in the Irish market. The deal to supply Microsoft with 366MW of clean energy will be in addition to the contracts that Statkraft secured in the RESS-2 auction earlier this year.”
The company has been rolling out new wind and solar projects to support Ireland’s renewable targets.
Donal O’Sullivan, Head of Development with Statkraft Ireland, remarked, “This is an exciting deal for Statkraft in Ireland which demonstrates our ability to use an alternative route to market for our projects in addition to the Government RESS auction schemes.”
Meanwhile, Noelle Walsh, Corporate Vice President, Cloud Operations and Innovation, Microsoft commented, “We’re proud to be partnering with leading energy providers to bring this additional renewable energy on stream and help Government and the broader energy sector to achieve its climate action ambitions.”
The deal is expected to contribute to Ireland’s goal of delivering 15% of new renewable volumes via corporate PPA.