Magazine

Last edition
September 2024

Home › Business ›Qcells and Microsoft Ink 8-Year Deal for 12 GW Solar Module Supply

Qcells and Microsoft Ink 8-Year Deal for 12 GW Solar Module Supply

Under this alliance, Qcells will provide Microsoft with 12 GW of solar modules and engineering, procurement, and construction (EPC) services over eight years.

January 09, 2024. By Abha Rustagi

Qcells, a clean energy solutions provider, has entered an eight-year strategic alliance with Microsoft Corp., solidifying Microsoft's position as one of the world's largest purchasers of renewable energy.

Under this alliance, Qcells will provide Microsoft with 12 GW of solar modules and engineering, procurement, and construction (EPC) services over eight years.

This marks Qcells' most extensive module and EPC services agreement to date and is equivalent to powering over 1.8 million homes annually. The commitment includes a previously announced 2.5 GW module and EPC services commitment made in January 2023.

Microsoft, committed to its sustainability goals of being carbon-negative, water-positive, and zero waste by 2030, continues its investment in renewable energy. Both companies will work together to bring an estimated 1.5 GW of solar panels annually to projects contracted by Microsoft through 2032.

The solar modules will originate from Qcells' fully integrated solar supply chain factory in Cartersville, Georgia, part of the USD 2.5 billion investment announced last year.

Justin Lee, CEO of Qcells, expressed enthusiasm, stating, "We are pleased to be a part of such a substantial commitment that will accelerate the global shift to renewable energy solutions. Qcells is uniquely positioned to ally with Microsoft towards creating a clean, sustainable future because of our investment in building an American-made solar supply chain. We look forward to expanding renewable energy frontiers together today and tomorrow."

Microsoft's Vice President of Energy, Bobby Hollis, emphasized the importance of the expanded agreement, stating, "Our expanded agreement with Qcells is designed to drive large-scale domestic production of solar modules essential to advancing a resilient US supply chain and clean energy economy."

Qcells, with its complete US solar supply chain, and Microsoft, committed to covering 100 percent of its electricity consumption with renewable energy by 2025, aim to contribute significantly to a sustainable future.

Tags: