Microsoft completes first renewable energy deal in India

- Advertisement -
- Advertisement -

Microsoft on Tuesday said it completed its first renewable energy deal in India which will help power its new office building here with solar power. As part of the deal, the tech giant will purchase three megawatts of solar-powered electricity from Bengaluru-based renewable power producer Atria Power.

Microsoft, renewable, energy deal, solar, India
Image for representational purpose only

This will meet 80 percent of the projected electricity needs at the new facility, Microsoft said. “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,” said Anant Maheshwari, President, Microsoft India to Firstpost.

This deal is part of the Karnataka government’s programme to encourage investments in local solar energy operations, and in line with the larger Indian government goal to ramp up solar power generation to 100 gigawatts by 2022.

- Advertisement -

“We are proud to be deepening our long history of partnership and investment in India with this agreement. This deal will help us grow sustainably and supports the growth of the Indian solar energy industry, so that the entire country can more easily and reliably access clean electricity,” Maheshwari added.

Firstpost reported that this is Microsoft’s first solar energy agreement in India, and one of the first in Asia — the company completed a new solar agreement in Singapore last week. Once completed, this project will bring Microsoft’s total global direct procurement in renewable energy projects to nearly 900 megawatts. “Microsoft, like India, has ambitious commitments to use more renewable energy,” said Rob Bernard, Chief Environmental Strategist, Microsoft.

 

- Advertisement -

Related Artcles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exclusive

Exclusive: AET Display Says Will Invest Rs 350 Crore In India In Five Years

0
Headquartered in China, the company believes that the Indian market for LED Displays will grow better than in its home country five years from...
teamwork

Team Comes First… Maybe Not

0
The order of priorities may vary, but building a strong team is essential for the long-term success of any startup. By strategically navigating the...

AMU’s Nehal Gupta Says Used EV Market Key To CEV Finance

0
Unlike the used vehicle market, no market exists for used commercial EVs. The former has been one of India's biggest vehicle sales enablers. So,...

Buzz

Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

SolarWinds Expresses Confidence In Abhijit Banerjee’s Leadership

0
With over 23 years of experience in technology leadership and a strategic focus on business expansion and channel development, Banerjee's appointment marks a significant...

Important Sectors

Drones

Garuda Aerospace Expedites IPO for Namo Drone Didi

0
Garuda Aerospace is poised to train 15,000 women rural entrepreneurs in using drones for ‘Namo Drone Didi’. Garuda Aerospace, a prominent Indian drone startup, expedites...

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...
Semiconductor

Siemens & Intel Partner To Boost Semiconductor Industry And Sustainability

0
The collaboration will grow the digitalisation and sustainability of microelectronics manufacturing Energy management optimisation and carbon footprints across the value chain will be...

Amkor Announces New Advanced Chip Packaging Facility

0
Amkor to cater diverse sectors such as automotive, high-performance computing, and mobile applications The company has applied for funding from the CHIPS program,...

Octopus EV Secures $700M For Employee EV Expansion

0
Octopus Electric Vehicles offers a "salary sacrifice" program, enabling drivers to save up to 40% on a new EV by deducting payments from their...

Manufacturing

Indian ODM Oakter Approved Under PLI 2.0

0
Oakter aims to contribute 30,000 new jobs under this scheme. R.I.O.T. Labz Pvt. Ltd., operating under the brand Oakter, an Indian electronics manufacturer specializing in...

High-Level Executives Announce Their Departure from Stellantis

0
This declaration was made just half a year after Mahajan's elevation to the position of Sales and Marketing Director for the ASEAN markets at...

Foxconn to Expand its Footprint in India

0
This investment follows Foxconn's withdrawal from a $19.5 billion chipmaking joint venture in India. Hon Hai Precision Industry Co., also known as Foxconn Technology, plans...

Toyota Group Announces Sale Of Denso Shares Worth US$ 4.7 Billion

0
The stake sale occurs as the Japanese giant accelerates its electric vehicle production. Toyota Motor and its affiliates, Toyota Industries and Aisin are set to...

Union Industry Minister Piyush Goyal Meets Micron CEO for Expansion in India

0
He also met with entrepreneurs and VCs who can contribute to India’s growing talent in technological areas such as artificial intelligence. India's Commerce and Industry...