The stock of Microsoft Corporation (NASDAQ:MSFT) closed at $84.26 gaining 0.11% in yesterday’s trading session. This company and Alphabet Inc (NASDAQ:GOOGL) are resorting to wind energy for their business operations. In a recent statement, they disclosed that they ordered offshore wind turbines, expressing confidence that they were indeed on the right track.
This new business agreement will see the Vattenfall’s Wieringermeer wind farm receive about €200 million in the form of investments from the two business giants. If everything moves according to plan the farm might go online by 2019. The plans underway are that it will be set up on land 40km north of Amsterdam and it will be able to power over 70,000 homes.
Microsoft’s general manager of energy, Brian Janous in a recent statement said that the move to invest in local clean energy was indeed a prudent idea. He termed it a win-win for their respective businesses as well as the Netherlands. He went further to outline that the company remained committed to channeling in new renewable energy sources online in a bid to power its wide range of data centers.
This is not the first time that the tech companies are expressing interest in clean energy. Several companies have made pledges outlining that hopefully by 2018 they will have succeeded in their quest to hit a 100 percent renewable energy goal. Back in 2010, they had moved ahead to invest in wind and solar energy. Google recently disclosed that it looked forward to being the first one to purchase all the electricity from a 114 MW wind farm in Iowa.
Gunnar Groebler , who is the head of Vattenfall Wind opined, “This deal is further proof of Vattenfall’s firm commitment towards a fossil fuel-free future… A combined purchase gives us a lower price, which means that the construction costs for offshore wind power can be further, reduced. We are pleased that we successfully procured ultramodern turbine technology for three of our largest offshore wind power projects.”