Google powers forward with inexperienced center of attention, invests in Taiwan’s New Inexperienced Energy to run on carbon-free power

In an effort to reduce carbon footprints, Google has invested in Taiwan’s New Green Power and may buy up to 300 megawatts of renewable energy from the company controlled by the BlackRock fund.

With this, Google aims to constantly run on carbon-free energy wherever it operates. Yet sector growth in demand for data-processing capacity to power artificial intelligence has seen emissions jump.

Investors are pressurising businesses to reduce greenhouse emissions associated with their operations and value chains, and big tech companies have set some of the most aggressive goals.

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Taiwan is a major site for Google’s cloud technology with a data centre and company offices, still relying on fossil fuels to generate nearly 85 per cent of its power, Amanda Peterson Corio, Google’s Global Head of Data Center Energy said. “The goal of this investment is really to support the build out of a large-scale solar pipeline in Taiwan,” Corio added.

Google and BlackRock both declined to specify the size of the equity stake being taken in NGP, but if believed to Corio, the investment was expected to drive the equity and debt financing for the build-out of its 1 gigawatt (GW) pipeline. Sharing with suppliers would help Google lower its so-called Scope 3 emissions, those tied to its value chain, she added.

The decarbonisation of regions including Asia Pacific may provide challenges because of their less established infrastructure and regulations that hinder corporate customers’ ability to purchase green power. According to BlackRock, Taiwan wants to have 20 GW of solar power by 2025 and as much as 80 GW by 2050.

Google would be able to give some of the solar energy it purchases to its local manufacturers and suppliers in addition to using it to power its own operations, Corio stated.

(with inputs from Reuters)

From: financialexpress

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