Repsol will supply renewable electricity to Microsoft through six long-term virtual power purchase agreements (VPPAs). The new 12-year supply agreements pertain to three wind farms and three solar plants in Spain, totaling an installed capacity of 230 MW.
Furthermore, these projects are expected to be operational by December 2025. These agreements build on existing power purchase agreements from a partnership initiated in 2021, increasing the overall installed capacity to 320 MW.
Repsol and Microsoft are in a strategic collaboration aimed at speeding up Repsol’s digital transformation and the global energy transition. They are co-developing new AI-driven digital solutions. As part of their long-term partnership, Repsol supplies Microsoft with renewable energy in Spain.
REGlobal’s Views: Microsoft aims to source 100 percent of its energy supply from renewable energy by 2025. In this regard, the company has been expanding its renewable energy power procurement across the globe like other large corporates that aim to reduce their carbon emissions. Microsoft has recently signed agreements with firms like Brookfield, EDP Renewables, Leeward Renewable Energy and others to procure more renewables.
