Qualcomm Secures 50 GWh Solar Deal in Spain

• Qualcomm partners with Recurrent Energy for 50,000 MWh of solar power, boosting sustainability and leading the charge in corporate clean energy initiatives.

Qualcomm Inc has entered into an agreement with Recurrent Energy, a subsidiary of Canadian Solar Inc, to receive 50,000 MWh of solar power annually. This power will be sourced from a new solar facility in Spain, marking a significant step in Qualcomm's efforts to enhance its renewable energy usage.

The deal underscores Qualcomm's commitment to sustainability and aligns with broader industry trends towards clean energy. Recurrent Energy's partnership with Qualcomm highlights the growing demand for renewable energy solutions among major corporations, as they seek to reduce their carbon footprints and support global environmental goals.

How does Qualcomm's solar power agreement with Recurrent Energy impact its sustainability goals?

• Supports Qualcomm's goal to increase its renewable energy consumption, reducing reliance on fossil fuels.
• Contributes to Qualcomm's carbon reduction targets by decreasing greenhouse gas emissions associated with its operations.
• Enhances Qualcomm's reputation as a leader in sustainability within the tech industry.
• Aligns with global environmental initiatives and regulatory requirements for corporate sustainability.
• Provides a stable and predictable energy cost structure, potentially leading to financial savings.
• Encourages further investment and development in renewable energy infrastructure.
• Demonstrates Qualcomm's commitment to corporate social responsibility and environmental stewardship.
• Strengthens Qualcomm's position in the market as a forward-thinking and environmentally conscious company.