With a goal to be carbon negative by 2030, Microsoft is investing in Clearloop’s 6.6 MWdc Panola II Solar Farm in Panola County, Mississippi for long-term renewable energy credits.
The Panola II Solar Farm is one of three new solar projects introduced by Clearloop, a carbon solutions provider, in collaboration with the Tallahatchie Valley Electric Power Association and with the support of the local economic development group, the Panola Partnership.
Through the partnership, Microsoft will not only help prevent about $502.74 million of carbon from entering the atmosphere but also generate enough energy to help power approximately 1,000 local homes annually.
“Clearloop has introduced a new 'tool in the toolbox’ for companies seeking to maximize community impact on their path to addressing climate change,” said Danielle Decatur, Director of Environmental Justice, Microsoft.
The solar farm, scheduled to be commercially operational in 2024, will be developed, owned, and operated by Clearloop’s parent Silicon Ranch for the lifetime of the project.
“This project will create meaningful opportunities for area residents, creating jobs for our skilled workforce, supporting our entrepreneurial pipeline, and demonstrating that our community is a hub of innovation in the making, ripe for growth,” said Joe Azar, Executive Director of Economic Development for Panola County.