Microsoft and Qcells announce strategic alliance to curb carbon emissions and power the clean energy economy
Qcells, a global solar leader investing in building a U.S. solar supply chain, and Microsoft Corp., a global technology company with a commitment to be carbon negative by 2030, are partnering 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 - equivalent to powering over 400,000 homes. Qcells, owned by Hanwha Solutions headquared in Seoul, will work with Microsoft to develop solar projects as well as provide panels and engineering, procurement and construction services to selected solar projects Microsoft has contracted for through power purchase agreements. Microsoft has committed to purchasing renewable energy with a goal of achieving 100% coverage of electricity consumption with renewable energy by 2025. Microsoft is extending its sustainability activities to support domestic production of green energy equipment in the regions it operates globally. Microsoft is supporting Qcells' solar products, including those manufactured domestically, to bring more renewable energy to the grid. Qcells is the only company in the U.S. that will have a complete solar supply chain and provides one-stop clean energy solutions.