Microsoft to source power from 198-MW wind project in Canada

Microsoft Corp (NASDAQ:MSFT) has struck a deal to procure about 543 GWh of electricity per year from the 198-MW Paintearth Wind Project in southern Canada to comply with its renewable energy commitments in the country.

The technology giant has signed a 15-year power purchase agreement (PPA) with the owners of the project, Canadian firms Potentia Renewables Inc and Greengate Power Corporation.

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"Renewable energy supply contracts like this agreement with Potentia and Greengate are key to meeting our goal of contracting 100 per cent of our energy consumption with renewable sources by 2025," said Chris Barry, President of Microsoft Canada.

Located in Paintearth County, Alberta, Paintearth Wind has been under construction since September 2022 with commercial operation expected to be reached in 2023.

According to the wind park's website, the asset will feature 38 turbines from Siemens Gamesa Renewable Energy SA (BME:SGRE). The project also includes an underground collector system, access roads, upgrades to existing roads, and the construction of the Lanes Lake collector substation.

The majority owner of the project is Potentia with a 75% stake while Greengate controls the remaining 25%.