Microsoft Transfers Risk of Power Prices That Vary With the Wind
Microsoft has helped develop a way to protect corporate buyers of clean power from electricity prices that go up and down with the weather
• The company is using a risk-management tool called a volume-firming agreement for almost 500 megawatts of wind projects, through an agreement with the insurance giant Allianz SE
• A volume-firming agreement is designed to supplement long-term power-purchase deals by passing weather-related risk to another party, such as an insurance company