GOOGLE RENEWABLE INVESTMENT $2 BLN

GOOGLE - Sustainability has been one of Google’s core values from our earliest days. Over the years we’ve worked hard to reduce the carbon footprint of our operations, build products with people and planet in mind, and drive change at scale through our supply chains.

A cornerstone of our sustainability efforts is our commitment to clean energy. We’ve been a carbon-neutral company since 2007. In 2017, we became the first company of our size to match our entire annual electricity consumption with renewable energy (and then we did it again in 2018). As a result, we became the largest corporate buyer of renewable energy in the world.

Today we’re taking another big step by making the biggest corporate purchase of renewable energy in history. This purchase is made up of a 1,600-megawatt (MW) package of agreements and includes 18 new energy deals. Together, these deals will increase our worldwide portfolio of wind and solar agreements by more than 40 percent, to 5,500 MW—equivalent to the capacity of a million solar rooftops. Once all these projects come online, our carbon-free energy portfolio will produce more electricity than places like Washington D.C. or entire countries like Lithuania or Uruguay use each year. 

Our newest energy purchases will increase Google’s existing renewable energy portfolio by more than 40 percent.

Our latest agreements will also spur the construction of more than $2 billion in new energy infrastructure, including millions of solar panels and hundreds of wind turbines spread across three continents. In all, our renewable energy fleet now stands at 52 projects, driving more than $7 billion in new construction and thousands of related jobs.

To ensure maximum impact, all of our latest deals meet the rigorous “additionality” criteria we set out long ago for our energy purchases. This means we’re not buying power from existing wind and solar farms but instead are making long-term purchase commitments that result in the development of new projects. Bringing incremental renewable energy to the grids where we consume energy is a critical component of pursuing 24x7 carbon-free energy for all of our operations.

These 18 new deals span the globe, and include investments in the U.S., Chile and Europe. In the U.S., we’ll purchase energy from 720 MW of solar farms in North Carolina (155 MW), South Carolina (75 MW), and Texas (490 MW)—more than doubling the capacity of our global solar portfolio to date. In South America, we’re adding 125 MW of renewable energy capacity to the grid that supplies our data center in Chile. Finally, almost half (793 MW) of the new renewable energy capacity purchased will be located in Europe, specifically Finland (255 MW), Sweden (286 MW), Belgium (92 MW), and Denmark (160 MW).

These renewable energy purchases aren't only notable for their size. Up to now, most of our renewable energy purchases in the U.S. have been wind-driven, but the declining cost of solar (down more than 80 percent in the past decade) has made harnessing the sun increasingly cost-effective. Meanwhile, our Chile deal marks the first time we’ll buy power in a hybrid technology deal that combines solar and wind. Because the wind often blows at different times than the sun shines, pairing them will allow us to match our Chilean data center with carbon-free electricity for a larger portion of each day.

The agreements announced today will bring additional large-scale solar and wind farms—representing more than $2 billion in new energy infrastructure—to electric grids worldwide.

Beyond our own operations, we’re working to make clean energy mainstream and break down the barriers for those who want to purchase renewable energy. Today we’re announcing two new grants from Google.org to provide further support for organizations that expand access to clean energy for all businesses—from flower shops to big-box retailers to startups. We’ll provide a $500,000 grant to Renewable Energy Buyers Alliance (REBA) in the U.S. and a 500,000 euro grant to RE-Source in Europe. These grants will help fund the development of new purchasing models, provide training and resources for consumers, and enable more widespread access to clean power.

As you can see in our newly released 2019 Environmental Report, these are just a few of the ways we’re working to tackle climate change at a global scale. We're also investing in AI and other technologies like Google Earth Engine to scale these efforts beyond our walls. Our goal is to make sure technology can benefit everyone—and the planet we call home. With today’s announcement, we're one step closer to that goal.