Qcells, a global leader in solar, and Microsoft (NASDAQ: MSFT), a global technology company committed to being carbon neutral by 2030, have partnered to develop a robust supply chain for new renewable power capacity.
Under the partnership, Qcells, part of Hanwha Solutions and headquartered in Seoul, will work with Microsoft to develop solar projects and provide panels and engineering, procurement, and construction (EPC) services for select solar projects Microsoft has contracted under power purchase agreements.
Microsoft has set a goal of meeting 100% of its electricity consumption through renewable energy by 2025.
The company is expanding its sustainability activities to support the domestic production of green energy devices globally.
The partnership with Qcells, the only company in the U.S. with a complete solar supply chain, will help bring more renewable energy online faster.
The new collaboration builds on the two companies' shared commitment to diversify the global energy supply chain, proactively drive the development of more reliable energy supply chains in the U.S. and abroad, and reduce carbon emissions.