Clean energy investor Acadia Infrastructure Capital is launching a $9 billion coalition with Microsoft as a key partner to develop renewable energy projects in the US and support local communities.
U.S. clean energy investor Acadia Infrastructure Capital is launching a coalition with tech giant Microsoft as an anchor investor as part of plans to develop $9 billion worth of clean energy projects in the United States, Acadia’s Vice President Brian O’Callaghan told Reuters. Acadia is leading the Climate and Communities Investment Coalition CCIC to which other companies apart from Microsoft will join.
energy transition infrastructure through strategic mid-market deployment of common and structured equity and facilitation of major tax credit transfers. The investment platform looks to address “critical funding gaps in clean energy projects,” it said last year. Corporations including Microsoft are looking to reduce their carbon footprint by earning renewables certificates, while Microsoft and the other tech giants are set to consume growing amounts of electricity to power AI data centers.
Clean Energy Microsoft Climate And Communities Investment Coalition (CCI Renewable Energy Solar Power Wind Power Data Centers Corporate Social Responsibility (CSR) Tax Credits
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