Acadia Infrastructure and Microsoft Launch $9 Billion Renewable Energy Initiative

Acadia Infrastructure Capital, in collaboration with Microsoft and other companies, is launching the Climate and Communities Investment Coalition (CCIC) to develop a $9 billion pipeline of renewable energy projects across the United States, aiming to install 5 gigawatts of clean power by 2029. The coalition focuses on accelerating corporate-led renewable energy financing while delivering tangible benefits to local communities, including reduced energy costs for low- and middle-income households and the creation of local jobs. The initiative will facilitate access to Renewable Energy Certificates (RECs), which are essential for companies looking to meet environmental targets and lower their carbon footprints. The first project under this initiative, a 210 megawatt solar project, has already secured financing backed by Microsoft. This push represents a significant step toward addressing critical funding gaps and advancing the U.S. energy transition, with expected contributions to local economies and social impacts. Brian O'Callaghan, Acadia's Vice President, emphasized that corporate involvement will exponentially accelerate the pace of renewable energy expansion.