Google invests in Taiwanese solar company to boost green energy

Google does investment at a Taiwanese solar company that plans to build a 1-gigawatt (GW) sustainable energy pipeline in the region. The company is putting a stake in New Green Power (NGP), part of BlackRock’s investment portfolio, for the project. The move could help Google and Taiwan move closer to their climate goals, while stabilizing green energy production in one of the most important semiconductor hubs of our new system. A world full of artificial infusion.

Google already has significant presence In Taiwan, including a information Center. Fossil fuels currently generate about 85 percent of Taiwan’s electricity grid, according to Amanda Peterson Corio, global head of data center energy at Google. “To help overcome these barriers, companies can play an important role in finding new strategies to increase the supply of existing renewable energy sources and promoting new technologies that enable the complete decarbonization of regional electricity systems,” he said.

Google expects to use up to 300 megawatts of solar energy to power its data centers in Taiwan. In addition, Peterson Corio says the company “can offer some of that clean energy capacity [its] semiconductor suppliers and manufacturers in the region. This will help its partners meet their green energy goals and reduce indirect (Scope 3) emissions from Google’s supply chain partners, he said.

“A significant portion of our Scope 3 coverage can be attributed to the electricity grids that power our suppliers and users, so broad decarbonization and partnerships like this continue to be central to our net zero goal,” Peterson Corio writes. .

Regulators have not yet approved the deal. Google did not disclose how much it invested in NGP.

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