Google touts ‘largest corporate purchase’ of solar and wind energy
Category: #headlines |   By Hrishikesh Kadam |   Date: 2019-09-20  | 
  • Share
  • Twitter
  • Facebook
  • LinkedIn

Google touts ‘largest corporate purchase’ of solar and wind energy

With a growing focus on sustainable energy generation, increasing number of countries and companies are embracing cleaner technologies. The landscape is rapidly evolving and 2019 is poised to be an exciting year for clean tech.

American multinational search giant Google has recently revealed that it plans to make a global investment in renewable energy. The tech major has reportedly announced 18 new sustainable energy deals across the U.S., Europe and Chile.

Sources familiar with the development informed that Google intends to purchase energy from solar farms based in North Carolina, South Carolina and Texas, and will supposedly invest in data center projects in Chile that combine wind and solar power.

Apparently, Google’s announcement comes a day before a global climate strike aimed to draw international attention towards ongoing environmental issues. Hundreds of Google employees have confirmed that they’ll join local strikes.

Google CEO Sundar Pichai has reportedly called the company’s latest slew of energy deals as the largest corporate purchase of renewable energy in history. He added that sustainability has been one of Google’s core values since its establishment.

Evidently, the brand is buying 1,600 megawatts (MW) in new energy deals, that could boost Google’s worldwide portfolio of solar and wind deals by over 40%, to 5,500 MW.

Google’s new agreements will result in the production of millions of wind turbines, solar panels and other new infrastructure, which will lead to over $2 billion in new construction.  

Also Read: Toyota mulls investing $391M in San Antonio truck assembly plant

Pichai has also declared two energy-related grants from the company’s philanthropic arm, Google.org. The search giant is offering a €500,000 grant to Europe’s RE-Source, and $500,000 to the Renewable Energy Buyers Alliance in the U.S.

The money will be used to discover new business models for sustainable energy and to train the consumers, Pichai mentioned.

According to reliable sources, Google had pledged last month to make its “Made by Google” range of products, including its Google Home smart speakers, Pixel smartphones and Nest devices, more sustainable.

The company claimed that all its products will include recycled materials by 2022. Google also claimed that by 2020, all shipments of its products will be carbon neutral.

American tech major and industry rival Apple Inc has a lab in Austin, Texas, where researchers are focused at devising new, sustainable methods for recycling used electronics. 

 

Source credit: https://www.cnet.com/news/google-makes-global-investment-in-solar-and-wind-power/

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Hrishikesh Kadam    

Hrishikesh Kadam

A graduate in electronics and telecommunication engineering, Hrishikesh Kadam has always found writing fascinating. Driven by a never-ending passion for content creation combined with a bit of experience in writing personal blogs, Hrishikesh blends his technical knowl...

Read More

More News By Hrishikesh Kadam

Niyo takes over Index to allow users to organize bills & finances
Niyo takes over Index to allow users to organize bills & finances
By Hrishikesh Kadam

Niyo, an Indian fintech company, has recently announced the acquisition of Index, a Bengaluru-based personal finance startup, for an undisclosed sum. Following the takeover deal, the team at Index including Kumar Siddhartha and Anand Krishna, i...

EU countries approve USD 21.27 billion fund for green energy drive
EU countries approve USD 21.27 billion fund for green energy drive
By Hrishikesh Kadam

European Union lawmakers have recently approved a flagship fund of USD 21.27 billion to eliminate the dependence on fossil fuel and protect affected communities, enabling EU members to start receiving the cash. The multibillion-dollar initiative, ca...

Amazon, Facebook to endure higher levy of taxes following G7 consensus
Amazon, Facebook to endure higher levy of taxes following G7 consensus
By Hrishikesh Kadam

The Group of Seven (G7), consisting of the world’s seven largest economies, has reportedly reached a momentous agreement to levy a global minimum corporate tax rate of 15% to prevent internet giants like Amazon and Facebook from avoiding taxes....