Solar notches another win as Microsoft adds 475 MW to power its AI data centers

Core Insights - Microsoft is expanding its renewable energy portfolio by adding 475 megawatts through a deal with AES for three solar projects in the Midwest [1] - The urgency of Microsoft's energy needs is driving the adoption of solar power, which is quick to install and cost-effective for tech companies [2] - The company has previously contracted 389 megawatts from solar projects in Illinois and Texas and is part of a $9 billion renewable power coalition [3] Renewable Energy Trends - Despite growing interest in nuclear power, the cost and speed advantages of renewables, particularly solar, continue to dominate [4] - Hybrid power plants combining solar and battery storage are becoming more competitive with natural gas, although they are still more expensive than standalone solar or wind [5] - The rapid rise in demand for computing power, especially for AI servers, necessitates quick energy solutions, with renewables being able to provide power within 18 months [6] Major Deals and Future Outlook - Microsoft has engaged in significant renewable energy agreements, including a deal with Brookfield Asset Management for 10.5 gigawatts of capacity to be delivered by 2030 [7]