Tech giant Microsoft has announced a strategic alliance with Qcells, a global solar leader, to curb carbon emissions and power the clean energy economy.
Under the partnership, the companies aim to enable a strong supply chain for new renewable electricity capacity projected to require at least 2.5 gigawatts of solar panels and related services.
This is equivalent to powering over 400,000 homes. Qcells, which is owned by Hanwha Solutions headquartered in Seoul, will work with Microsoft to create solar projects and will also provide panels and engineering, procurement and construction (EPC) services to selected solar projects Microsoft has contracted for through power purchase agreements (PPAs).
The tech giant has committed to purchasing renewable energy to achieve 100% coverage of electricity consumption with renewable energy by 2025.