Microsoft Signs Solar Energy Deal For its Bengaluru Facility

Written By:
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Tech giant Microsoft today said it has inked its first renewable energy deal in India for powering its new facility in Bengaluru, reported PTI.

    Microsoft Signs Solar Energy Deal For its Bengaluru Facility

    The agreement will see Microsoft purchase 3 megawatts of solar-powered electricity from Atria Power for its new office building in Bengaluru, meeting 80% of the projected electricity needs at the facility, Microsoft said in a statement.

    The company, however, did not disclose the financial details of the deal.

    The facility, which will be operational starting June, is spread over 5.85 lakh sq feet.

    The Karnataka government is encouraging investments in local solar energy operations, in line with the country's goal of ramping up solar power generation to 100 gigawatts by 2022.

    Also Read: World's Largest Solar Park Launched in Karnataka

    Once completed, the project will bring Microsoft's total global direct procurement in renewable energy projects to nearly 900 megawatts.

    "Investing in local solar energy to help power our new Bengaluru office building is good for Microsoft, good for India and good for the environment," Microsoft India President Anant Maheshwari said.

    He added that this deal will help the company grow in a sustainable manner and also support the growth of the Indian solar energy industry.

    This is Microsoft's first solar energy agreement in India, and one of the first ones in the Asian region. The Redmond-based firm completed a new solar agreement in Singapore last week.

    The deals in Asia follow wind projects in Europe and a substantial portfolio in the US. Microsoft's goal is to rely on wind, solar and hydropower electricity for at least 50% of its energy usage worldwide by the end of 2018.

    Inputs From PTI

    Read more about: microsoft solar energy
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more