Google Inks Record Offshore Power Deal with Dutch Wind Ventures

In a significant stride toward greening its energy portfolio and achieving climate targets, tech behemoth Google has finalized its largest-ever power purchase agreement (PPA) with offshore wind projects off the Dutch coastline, the company announced on Thursday. Amid a growing trend among renewable power project developers to secure revenue through long-term PPAs, Google is committing […] The post Google Inks Record Offshore Power Deal with Dutch Wind Ventures appeared first on The Real Preneur.

Feb 2, 2024 - 10:53
 0  110
Google Inks Record Offshore Power Deal with Dutch Wind Ventures

In a significant stride toward greening its energy portfolio and achieving climate targets, tech behemoth Google has finalized its largest-ever power purchase agreement (PPA) with offshore wind projects off the Dutch coastline, the company announced on Thursday.

Amid a growing trend among renewable power project developers to secure revenue through long-term PPAs, Google is committing to a substantial 478 megawatts (MW) of power from two newly established wind farms. These projects are a result of collaborations between Crosswind & Ecowende Consortia, joint ventures involving energy giants Shell and Dutch utility Eneco.

As part of this landmark offshore wind PPA, Google aims to fortify its commitment to sustainability and renewable energy. The company also revealed additional renewable PPAs in Italy, Poland, and Belgium, though financial specifics of these agreements were not disclosed.

Matt Brittin, President of Google in EMEA, stated, “Our ambition to operate on carbon-free energy around the clock by 2030 requires clean energy solutions in every grid where we operate.”

While many companies pursue renewable energy goals on an annual basis, aligning PPAs or renewable energy certificate purchases with yearly electricity consumption, Google is breaking new ground by aspiring to match each hour of electricity usage with an equivalent hour of clean power production. This approach is hailed by advocates as a more accurate representation of companies’ real-time energy utilization.

The post Google Inks Record Offshore Power Deal with Dutch Wind Ventures appeared first on The Real Preneur.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

unitednewsbag United News Bag is an independent media and news organization that provides various content from entertainment, literature, politics, technology, sports, etc.