From Electrek: EGEB: Microsoft ditching Puget Sound Energy, $1,000,000,000,000 solar...

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    Sep 28, 2016
    EGEB: Microsoft ditching Puget Sound Energy, $1,000,000,000,000 solar market, more


    Electrek Green Energy Brief: A daily technical, financial and political review/analysis of important green energy news.

    Microsoft gets OK to buy renewable power directly, bypassing the fossil utility“WA utility commission approved Microsoft’s long awaited exit from PSE and now lets it directly procure renewable energy from wholesale market. As previously negotiated, Microsoft would pay a $23.6m exit fee for moving out of PSE’s load base. This agreement opens up doors for corporates in the state (AMZN, REI, SBUX, etc.) who wish to have a higher renewable mix. PSE procures two-thirds of its electricity from fossil fuels.” – Thank you long time reader Mr Will Driscoll – source Credit Suisse, ‘Renewables Roundup.’ This interests me on a few levels – and it should concern utilities on fundamental levels. First off – large users of electricity are now able to take a hands on approach. As a commercial/industrial developer myself – I see it every single day. I’ve brought many companies to buying zero kWh from the utility. Secondly – an exit fee of tens of millions – this is a lot of money, but Microsoft is no fool and they ran the numbers.



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