 will buy the entire output of two new solar projects in [Japan](https://baxtel.com/regions/japan) developed by Blueleaf Energy under lon...](https://cdn.baxtel.com/data-center/microsoft-signs-two-solar-ppas-with-blueleaf-for-japan-data-centers/logo/large_microsoft-signs-two-solar-ppas-with-blueleaf-for-japan-data-centers-featured.jpg){kind=logo}
Microsoft will buy the entire output of two new solar projects in Japan developed by Blueleaf Energy under long-term power purchase agreements. Macquarie Asset Management, which owns Blueleaf, said in a press release on Oct. 28 that its Energy Markets and Customer Solutions team coordinated both deals. Micros
Photograph of Blueleaf Energy's Pachora project, specifically cited by CEO Raghuram Natarajan in the deal announcement.oft is the sole offtaker on the two projects.
Blueleaf develops the solar projects, and Microsoft buys the power they produce. The companies did not disclose the projects' capacity, locations, contract length, pricing, or expected start of operations, ESG News reported. SolarQuarter reported the projects will proceed under a build-own-operate model, with commissioning targeted for mid-2027.
"These agreements reflect a relationship that has grown through successful collaboration across multiple markets," said Ed Northam, Global Head of MAM Green Investments at Macquarie. Northam said the deals support Microsoft's business goals through clean energy solutions that help meet demand for cost-efficient, low-carbon power delivered quickly.
"Our collaboration with Microsoft is more than a commercial agreement; it is a shared blueprint for a decarbonised future," said Raghuram Natarajan, chief executive of Blueleaf Energy. Natarajan linked the new Japan agreements to Blueleaf's earlier delivery of the Pachora Hybrid Power Project in India.
Macquarie and Microsoft have worked together since 2020 to secure offtake agreements from clean energy projects developed by Macquarie's portfolio companies. Projects supporting Microsoft span the United Kingdom, Spain, and India, representing a combined 540 MW of wind and solar capacity across three regions. Macquarie's Energy Markets and Customer Solutions team has delivered more than 8 GW of renewable energy across 15 markets, including four collaborations with Microsoft since 2020.
Blueleaf had 37 solar projects totaling nearly 1.2 GWp in development in Japan as of May 31, 2026, according to its project pipeline page. Macquarie cited International Energy Agency projections that AI-driven electricity demand will reach 950 TWh by 2030, up from 485 TWh in 2025, equal to about 3 percent of global electricity demand. The agency expects renewables to meet nearly half of the additional demand.
Baxtel tracks 252 data center facilities in Japan, operated by 52 providers, including 141 in Tokyo Prefecture and 21 under construction. The largest is @Tokyo Chuo Center (CC1 & CC2) at 130 MW.
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