African-American solar developer Volt Energy LLC announced on Wednesday that it will supply electricity to software giant Microsoft Corp (NASDAQ:MSFT) from over 250 MW of utility-scale solar power generating capacity.
The two parties have entered into a power purchase agreement (PPA) which aligns with Microsoft’s objective to source 100% of its energy from renewables by 2025.
The pair have agreed to invest a portion of the revenue from the new contract in community impact funding initiatives. No further details were provided with regard to the terms of the PPA.
“With Volt Energy, we are able to scale the impact of our renewable energy projects by working together to address environmental equity issues, ranging from renewable energy access to workforce training among underserved urban and rural communities,” said Noelle Walsh, CVP, Cloud Operations + Innovation, Microsoft.