Brookfield reaches framework deal to sell renewable power to Microsoft for data centres [Globe and Mail, The (Toronto, Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: Globe and Mail, The
renewable energy to help run its data centres. Financial terms of the deal were not disclosed, and individual power purchase agreements are still to be negotiated as needed. It is also unclear whether Microsoft and its subsidiaries intend to use all of the new capacity for their own operations. But at current market rates, the projects encompassed by the pact could cost billions of dollars to develop. For Brookfield, the agreement reduces the risks inherent in a huge pipeline of renewable energy projects, which are underpinned by a combined US$25-billion the asset manager has raised so far through two transition funds launched by its renewables unit. As Brookfield builds out wind and solar energy projects, it can do so knowing it has a reliable customer in Microsoft. For Microsoft, it means more dependable access to a growing supply of clean energy, as demand for data and computing power explodes in the race to build ever more powerful AI models and move more businesses to clou
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- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Yahoo! Finance]Yahoo! Finance
- Partners Value Split Corp. to Partially Redeem Its Class AA Preferred Shares, Series 8 [Financial Post (Toronto, Ontario, Canada)]Financial Post
- PosiGen announces second funding commitment from Brookfield Asset Management [Yahoo! Finance]Yahoo! Finance
BN
Earnings
- 5/9/24 - Miss
BN
Sec Filings
- 5/15/24 - Form 13F-HR
- 5/14/24 - Form 6-K
- 5/13/24 - Form 6-K
- BN's page on the SEC website