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    Microsoft seals REC deal with Australian utility AGL


    September 12, 2023 - SeeNews Renewables

     

      September 12 (Renewables Now) - Australian power producer AGL Energy Ltd (ASX:AGL) has signed a 15-year renewable energy certificate (REC) agreement with US technology giant Microsoft Corp (NASDAQ:MSFT) related to a 396-MW wind farm under construction in New South Wales.

      The contract with Microsoft comes about three months after AGL inked a power purchase agreement (PPA) to procure about 513 GWh of electricity annually from Tilt Renewables’ Rye Park wind farm near Yass in the Southern Tablelands which is expected to become fully operational in mid-2024.

      “We really appreciate the strong collaboration with AGL to increase our procurement of renewable energy certificates in Australia. Beyond this contract we will continue to look for new opportunities to support the transition of the electricity grid in Australia,” said Microsoft ANZ managing director Steven Worrall.

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