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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Microsoft Corporation    MSFT

MICROSOFT CORPORATION

(MSFT)
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Microsoft : strengthens global energy portfolio with 74 megawatts of North Carolina solar power from Invenergy's Wilkinson Solar Energy Center

03/06/2019 | 03:17pm EST

CHICAGO -March 6, 2019 - Microsoft Corp. and Invenergy, a leading U.S.-based, privately held global developer and operator of sustainable energy solutions, today announced a 74-megawatt solar project in North Carolina. The new project will deliver economic investment and jobs for Beaufort County, clean energy to Microsoft, and growth to the U.S. solar power industry.

The Wilkinson Solar Energy Center project will be constructed, owned and operated by Invenergy, which has contracted more than 1,600 megawatts supporting corporate renewable customers. Via the 15-year power purchase agreement, Microsoft will become the sole offtaker of the energy generated at the Wilkinson Solar Energy Center. This represents Microsoft's fourth power purchase agreement in the PJM Interconnection and will bring Microsoft's total renewable energy portfolio to more than 1.3 gigawatts.

'When we invest in renewable energy, we are investing in the future - enabling sustainable growth of our business, of the clean energy sector and the local communities that benefit economically from Microsoft's commitment to sustainability,' said Brian Janous, Microsoft's general manager of Energy and Sustainability. 'Our work with companies like Invenergy is an integral step toward our goal of enabling a clean energy future for everyone. We are pleased our partnership will bring new solar resources to the PJM region.'

'Invenergy is proud to work with leading corporate renewables customers like Microsoft to help them meet their operational and sustainability goals,' said Jim Shield, Invenergy's EVP and chief commercial officer. 'This investment in North Carolina reflects the increasingly compelling value of solar power for customers to meet their energy needs, while also creating economic development opportunities for local communities.'

The Wilkinson Solar Energy Center is expected to generate $20 million in local economic investment through tax payments, landowner lease payments, and wages and benefits for employees. It is scheduled to begin commercial operation in 2019 and is estimated to create more than 500 jobs during construction.

North Carolina ranks second in installed solar capacity among U.S. states, and with more than 256,620 modules, the Wilkinson Solar Energy Facility will be among the largest solar installations in the state.

About Invenergy
We are innovators building a sustainable world. Invenergy and its affiliated companies develop, own, and operate large-scale sustainable energy generation and storage facilities in the Americas, Europe and Asia. Invenergy has successfully developed more than 22,200 megawatts of projects, including wind, solar, and natural gas power generation as well as advanced energy storage projects.

About Microsoft
Microsoft (Nasdaq 'MSFT' @microsoft) is the leading platform and productivity company for the mobile-first, cloud-first world, and its mission is to empower every person and every organization on the planet to achieve more.

 

For more information, press only:

Microsoft Media Relations:
WE Communications for Microsoft
rrt@we-worldwide.com
(425) 638-7777

Invenergy Media Relations:
Mary Ryan
MRyan@invenergyllc.com

Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://news.microsoft.com. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft's Rapid Response Team or other appropriate contacts listed at http://news.microsoft.com/microsoft-public-relations-contacts.

 

Disclaimer

Microsoft Corporation published this content on 06 March 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 06 March 2019 20:16:01 UTC


© Publicnow 2019
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Financials (USD)
Sales 2021 158 B - -
Net income 2021 51 344 M - -
Net cash 2021 76 102 M - -
P/E ratio 2021 32,0x
Yield 2021 1,01%
Capitalization 1 635 B 1 635 B -
EV / Sales 2021 9,86x
EV / Sales 2022 8,81x
Nbr of Employees 163 000
Free-Float 99,9%
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Microsoft Corporation Technical Analysis Chart | MSFT | US5949181045 | MarketScreener
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Mean consensus BUY
Number of Analysts 39
Average target price 242,47 $
Last Close Price 216,21 $
Spread / Highest target 28,6%
Spread / Average Target 12,1%
Spread / Lowest Target -16,7%
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NameTitle
Satya Nadella Chief Executive Officer & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Kirk Koenigsbauer COO & VP-Experiences & Devices Group
Amy E. Hood Chief Financial Officer & Executive Vice President
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