October 17 (Renewables Now) - Internet giant Google LLC has pledged to invest around USD 150 million (EUR 135.4m) in renewable energy projects across its key manufacturing regions as another step of its sustainability plan.
Coupled with commitments from partners, the proposed investment is expected to result in about USD 1.5 billion of capital being poured into the renewable energy segment, the technology company said on Wednesday. The goal of the initiative is to produce enough electricity from renewables to cover the power requirements for making Google’s consumer hardware products.
Google last month backed its sustainability efforts with a massive renewables purchase of up to 1.6 GW of renewable power in an aggregate deal it says is the “biggest corporate purchase of renewable energy in history.” The 18 deals for wind and solar power expand its renewables contracted portfolio to 5.5 GW.
In 2017, Google became the first company of its size to match its entire annual power consumption with renewables.
(USD 1.0 = EUR 0.903)