Tech Companies Accelerate Solar Power Deals Amid Data Center Expansion

Tech Companies Accelerate Solar Power Deals Amid Data Center Expansion
As the demand for AI capabilities surges, tech giants are expanding their data centers, significantly increasing power needs. JLL predicts that this growth will double power demand by 2029, creating a surge in solar energy deals. Meta, Microsoft, and Amazon have recently secured substantial solar contracts, with Meta alone backing several projects totaling over 1.3 gigawatts. Solar offers a quick deployment advantage over other energy sources, making it attractive for tech firms. This trend of investing in solar power is expected to continue as companies strive for sustainable energy solutions.