World News

World News02.07.2024

Google acquires stake in Taiwan’s New Green Power

QAZAQ GREEN.  Google has purchased a stake in New Green Power (NGP), a Taiwanese solar power company owned by a BlackRock fund, aiming to procure up to 300MW of renewable energy, reports Power Technology.

New Green Power, which is supported by BlackRock’s Climate Infrastructure fund, is a major solar developer and operator in Taiwan.

The deal is part of Google’s strategy to operate on carbon-free energy worldwide and slash its carbon emissions across its operations and supply chains.

The tech giant’s move reflects the broader trend of major companies setting ambitious environmental targets in response to growing investor pressure to address climate change.

In Taiwan, where Google maintains substantial cloud infrastructure, the reliance on fossil fuels for power generation stands at 85%.

Google global head of data centre energy Amanda Peterson Corio stated: “The goal of this investment is really to support the build-out of a large-scale solar pipeline in Taiwan.”

 

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