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Google investment A Taiwanese solar power company plans to build a 1 gigawatt (GW) sustainable energy pipeline in the region. The company will put shares in New Green Power (NGP), part of BlackRock’s investment portfolio, for the project. The move could help Google and Taiwan get closer to their climate goals while also stabilizing green energy production in one of the new AI-infused world’s most important semiconductor hubs.
Google already has a large presence in Taiwan. Data CentresCurrently, about 85% of Taiwan’s power grid is powered by fossil fuels, according to Amanda Peterson Corio, Google’s global head of data center energy. “To overcome these obstacles, companies can play a pivotal role in finding new strategies to increase the supply of available renewable energy sources and advance emerging technologies that can enable the full decarbonization of the region’s power system,” she wrote.
Google plans to use up to 300 megawatts of solar power capacity for its Taiwanese data centers. Peterson Corio further noted that the company will “convert some of this clean energy capacity into [its] “Working with regional semiconductor suppliers and manufacturers will help them achieve green energy goals and reduce indirect (Scope 3) emissions from Google’s supply chain partners,” he said.
“A significant portion of our Scope 3 footprint can be traced back to the grid that delivers electricity to our suppliers and users, so broader decarbonization, and partnerships like this one, remain core to our net zero goal,” Peterson Corio wrote.
Regulators have yet to approve the deal, and Google has not disclosed how much it will invest in NGP.