Microsoft purchases solar-wind hybrid power from Renew in India

Deal Analysis

Microsoft's purchase of a 437 MW solar-wind hybrid power project from ReNew in India represents a significant commitment to renewable energy procurement in a key growth market. This power purchase agreement (PPA) will support rural electrification efforts in India, aligning with Microsoft's broader climate innovation goals. The deal underscores the increasing trend of large technology companies directly engaging in renewable energy projects to offset their carbon footprint and contribute to sustainable development. This transaction is notable for its scale, involving a substantial 437 MW capacity, and the participation of prominent players like Microsoft's Climate Innovation Fund and ReNew, a leading Indian renewable energy developer. While the financial value of the PPA remains undisclosed, the size of the project suggests a considerable investment. This deal is likely to further stimulate the growth of the renewable energy sector in India and encourage similar partnerships between technology companies and renewable energy developers.

Large-scale 437 MW solar-wind hybrid project.
Involves Microsoft's Climate Innovation Fund as the offtaker.
Developed by ReNew, a major renewable energy player in India.
Supports rural electrification efforts in India.

Market Context: The Indian renewable energy market is experiencing rapid growth, driven by government policies, increasing energy demand, and declining costs of solar and wind power. PPAs are a common mechanism for financing and developing renewable energy projects in India, attracting both domestic and international investors.

Source Intelligence

KEY DETAILS

Microsoft has contracted 40 GW of renewable capacity across 26 countries. "Microsoft reports cutting its Scope 2 carbon dioxide emissions by an estimated 25 million tons between fiscal year 2020 and 2025". Microsoft has allocated $806 million through its Climate Innovation Fund, with 38% targeting energy systems.

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Capacity

Microsoft Hits 100% Renewable Energy Match With 40GW Portfolio

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Location

In India, Microsoft purchased a 437-megawatt solar-wind hybrid from Renew to support rural electrification.

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PPA Details

In Japan, Microsoft signed one of the country's first corporate PPAs - a 25-megawatt, 20-year agreement with Shizen Energy that helped pave the way for over 2 gigawatts of corporate renewable procurement since 2024, according to Bloomberg New Energy Finance.

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Announcement

PUBLISHED: Wed, Feb 18, 2026, 4:56 PM UTC

PARTIES MENTIONED IN SOURCE

M

Microsoft buyer

"In India, Microsoft purchased a 437-megawatt solar-wind hybrid from Renew to support rural electrification."

R

Renew seller

"In India, Microsoft purchased a 437-megawatt solar-wind hybrid from Renew to support rural electrification."

H

Helion developer

"Microsoft is pivoting beyond renewables toward 24/7 carbon-free energy, including a 50MW fusion project with Helion and restarting the 835MW Crane nuclear plant"

C

Constellation Energy developer

"Microsoft is already placing early bets on advanced energy technologies that remain largely unproven at commercial scale. The company partnered with Helion on a 50-megawatt fusion energy project in Washington state and is working with Constellation Energy to restart the 835-megawatt Crane Clean Energy Center nuclear facility in Pennsylvania."

B

Brookfield developer

"The company's landmark 10.5-gigawatt framework agreement with Brookfield alone sends a long-term demand signal through 2030 that helps developers secure financing, build supply chains and hire engineers."

S

Sol Systems developer

"Microsoft's 500-megawatt PPA with Sol Systems and its 250-megawatt agreement with Volt Energy Utility include provisions for local training, jobs, grants to nonprofit organizations and habitat restoration."

V

Volt Energy Utility developer

"Microsoft's 500-megawatt PPA with Sol Systems and its 250-megawatt agreement with Volt Energy Utility include provisions for local training, jobs, grants to nonprofit organizations and habitat restoration."

S

Shizen Energy developer

"In Japan, Microsoft signed one of the country's first corporate PPAs - a 25-megawatt, 20-year agreement with Shizen Energy that helped pave the way for over 2 gigawatts of corporate renewable procurement since 2024, according to Bloomberg New Energy Finance."

high quality Enriched Feb 19, 2026