Alphabet Inc (NASDAQ:GOOGL) Makes Major Purchases Towards Green Energy


Alphabet Inc (NASDAQ:GOOGL) has purchased renewable energy projects aimed to satisfy its power demand as It shifts to green energy.

The company announced the purchase of the green energy power plants on Thursday. The purchase involves power plants both solar and wind power projects spread across Sweden, Chile and the US. The total power output of the plant is 842 megawatts, but most of the power output will come from the US.

The contracts for the purchases are long-term deals whose completion is expected in the next two years. The company struck some of the deals a few weeks ago but chose to make the announcement in line with the UN energy conference in Paris to where discussions about energy solutions will be held. Gary Demasi, the Director of Google’s data center energy, stated that it was the perfect time for the company to make a statement relating to the energy subject.

The company has now signed deals that cover 2gigawatts of green energy, thus bring the firm closer to its renewable energy target of 3.6 gigawatts by 2025. The energy output from the newly purchased plants can sustain the power requirements of 2 million European households throughout the whole year. Renewable energy plants now account for 37% of the energy consumed by Google’s data centers.

The purchased plant includes Duke Energy, located in North Carolina in the US and makes 61 megawatts of solar power, and 71 megawatts of wind-generated electricity from Västernorrland County in Sweden and 80 megawatts generated from Chile. Google believes that the purchase of the power plants will be not only advantageous for its operations but also a positive push towards the adoption of renewable energy. It is also a good deal for the renewable energy plants because it provides a financial backing that ensures their survival.

There are numerous other companies that are also going green as part of attaining their clean energy targets in agreement with the American Business Act. Apple Inc. (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT) are also following the same renewable energy trend.

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