Google buys stake in BlackRock-owned solar power firm in Taiwan
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Google announced that it has bought a stake in Taiwan’s New Green Power and plans to purchase up to 300 megawatts of renewable energy from the firm, which is owned by BlackRock. This move aims to reduce Google’s and its suppliers’ carbon footprints.
Investor pressure has driven companies to lower greenhouse gas emissions across their operations and supply chains, and Big Tech firms have responded by setting ambitious targets.
Amanda Peterson Corio, Google’s Global Head of Data Center Energy, informed Reuters that Taiwan, where Google has a significant presence for its cloud technology with a data center and company offices, still depends on fossil fuels for almost 85% of its power generation.
Also read: Amazon, Google, Microsoft sign deals with Duke Energy on clean energy supply
Google strives to operate continuously on carbon-free energy across all its locations. However, the rapid expansion of the data-processing sector to support artificial intelligence has led to increased emissions.
“The goal of this investment is really to support the build out of a large-scale solar pipeline in Taiwan,” Corio said.
Corio mentioned that in addition to integrating purchased solar power into its own operations, Google intends to share some of this renewable energy with its suppliers and manufacturers in the region.
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