Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. First Tellurium Corp. (FSTTF) Message Board

Microsoft Signs Mega Green-Energy Deals in Singapo

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 137
(Total Views: 160)
Posted On: 09/04/2024 5:12:12 PM
Avatar
Posted By: NetworkNewsWire
Microsoft Signs Mega Green-Energy Deals in Singapore, India

American technology giant Microsoft has signed a major renewable energy deal that will see it buy energy from the largest solar project in Singapore’s history. The tech company signed green-energy contracts with EDP Renewables in Singapore and India’s RenNew Power worth 637.6MW as part of its efforts to advance renewable-energy adoption.

RenNew Power signed a renewable-energy sale agreement for 437.6MW, one of the independent power producers’ (IPP) largest-ever corporate green-energy contracts, while Microsoft’s deal with EDP Renewables will allow it to purchase 100% of the solar energy generated in Singapore’s largest solar project. With Microsoft consuming copious amounts of energy to power its cloud and artificial-intelligence pursuits, the tech company is keen on becoming a carbon-negative organization by 2030.

Unfortunately, Microsoft has run into several challenges as it endeavors to eliminate fossil fuels from its energy mix, such as a 30% jump in greenhouse-gas emissions from 2020 to 2023. Despite these roadblocks, Microsoft is still working to achieve its carbon-neutrality goals. For instance, the contract with Singapore’s EDP renewables will allow it to purchase energy generated from solar panels on hundreds of government-owned and public buildings.

The 20-year off-take contract grants Microsoft purchase rights to 100% of the energy SolarNova 8, a project by EDP Renewables, feeds into the energy grid and is the second agreement between Microsoft and EDP Renewables in Singapore. The SolarNova 8 project is the largest solar initiative under the Singaporean government’s SolarNova program and the largest solar initiative in the country.

The Singapore Housing Development Board (HDB) and the Economic Development Board (EDB) jointly launched the SolarNova Program in 2014 to help speed up the deployment of green-energy infrastructure, specifically solar-energy systems, in Singapore. EDP Renewables CEO Miguel Stilwell D’Andrade noted that the company is strengthening its global partnerships with tech giant Microsoft through the massive solar-energy project and advancing towards achieving the country’s sustainability goals.

D’Andrade also said that the Microsoft contract would act as a catalyst and speed up the energy transition as well as encourage future investment in Singapore. While the green-energy contracts represent a major milestone for Asian companies, Microsoft will need to team up with a lot more green-energy producers to clean up its energy use, especially since it regularly consumes enough energy to power several countries.

Its generative artificial-intelligence wing already consumes significant amounts of energy, and its pier consumption will only increase over time as Microsoft has made significant investments in AI research in recent years and will most likely pour even more money into AI. This could be the reason why Microsoft emissions increased by 30% in 2023 compared to 2020 and has contributed to Microsoft intensifying its efforts to adopt renewable energy.

The efforts of large corporations such as Microsoft to shift to sustainable forms of energy are likely to boost the demand for the green-energy metals focused on by companies such as First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) since manufacturers of solar panels and other green-energy systems will need increasing amounts of these critical metals.

NOTE TO INVESTORS: The latest news and updates relating to First Tellurium Corp. (CSE: FTEL) (OTCQB: FSTTF) are available in the company’s newsroom at https://ibn.fm/FSTTF

Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer




(0)
(0)




First Tellurium Corp. (FSTTF) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us