Benzinga | Nov 3, 2021 09:14AM EDT

Microsoft And AES Late Yesterday Announced A Partnership ToBring Around-the-Clock Renewable Energy To Data Centers

The AES Corporation (NYSE:AES) todayannounced that it has signed a 15-year agreement with Microsoft (NASDAQ:MSFT) to support the company in achieving its 100/100/0 by 2030 goal. Microsoft, one of the world's largest purchasers of renewable energy, will use the around-the-clock renewable energy provided through this agreement to power its data centers located in Virginia. The structure of the agreement utilizes both existing renewable projects under a long-term contract to Microsoft, while also adding additional renewable resources in the region.