Google goes green; makes biggest corporate purchase of renewable energy - ET BrandEquity

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The new investment is not about buying power from existing wind and solar farms but instead will make long-term purchase commitments that result in the development of new projects. Global solar PV additions are expected to increase by over 17 percent.

It noted that last year was the first since 2001 that growth in renewable power capacity failed to accelerate year on year, largely due to a change in Chinese government policy. Once the most recent deals have been signed, Google's supply agreements with renewable energy developers will total 5.5GW.

Google said the investments - which span across the US, South America and Europe - included the purchase of energy from 720MW of new solar farms in North Carolina (155 MW), South Carolina (75 MW), and Texas (490 MW).

According to a new blog post from the tech company, the initiative is projected to expand their renewable energy portfolio by 40%-or 5,500 megawatts (equivalent to the capacity of a million solar rooftops).

The project - the firm's first such hybrid buy - will allow Google to match its Chilean data centre with carbon-free electricity for a "larger portion of each day", CEO Pichai pointed out. Earlier this year, Starbucks announced a three-project aggregation deal with a collective capacity of 146 MW, which the company said reduced risk by diversifying location and resource. But the company has also announced the world's largest ever corporate electric vehicle purchase deal, which you can read about in detail on The Driven.

Even with the size of projects increasing, Google's new procurement announcement shatters the curve.

Google's chief executive has revealed plans for the biggest renewable energy deal in corporate history. Employees at Google and other big USA tech companies such as Amazon and Microsoft planned to participate in the "global climate strike" Friday. The company is giving a $500,000 grant to the Renewable Energy Buyers Alliance in the USA, and €500,000 to RE-Source in Europe. Amazon's CEO, Jeff Bezos, announced a Climate Pledge, stepping up the company's renewables commitment and vowing to transition to zero emissions by 2030.

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