Energy Storage, Commercial, Solar, Wind - September 20, 2019
Google signs 18 new energy deals for 1,600 MW
Google announced September 19 a package of 18 new energy deals it has recently made, including the acquisition of a total of 1,600 MW of renewable energy from these projects. The agreements will increase the company's worldwide portfolio of wind and solar agreements to 5,500 MW, an increase of more than 40%. It expects the deals to spur the construction of more than $2 billion in new energy infrastructure, bringing its count of renewable energy projects to a total of 52.
The new projects Google will be investing in are located in the U.S., Chile and Europe, including 720 MW from solar farms in North Carolina, South Carolina, and Texas and adding 125 MW of a combination of solar and wind renewable energy capacity to the grid that supplies its data center in Chile. Additionally, almost half (793 MW) of the renewable energy capacity purchased will be located in Europe, including Finland, Sweden, Belgium, and Denmark.
The deals made for new projects was strategically created to meet Google's "additionality" criteria it established for itself, which requires the funding of new projects rather than buying power from existing wind and solar farms.
Google's announcement of these new energy projects reconfirms its position as a leader in corporate sustainability. The company first went carbon-neutral in 2007 and in 2017 officially matched its entire annual electricity consumption with renewable energy. "As a result," the company noted, "we became the largest corporate buyer of renewable energy in the world."
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