Microsoft, Qcells strike massive supply deal for US-made solar panels
January 8, 2024
South Korea’s Qcells on Monday said it will supply Microsoft (MSFT.O) with 12 gigawatts of American-made solar panels through 2032 in what the companies called one of the largest ever deals of its kind.
The agreement locks in substantial and stable demand for panels Qcells will make at its new $2.5 billion Georgia factory. For Microsoft, which was seeking a reliable panel provider to reduce supply chain risks, the deal will help reach its goal of powering its operations with 100% renewable energy by 2025.
