LONDON : Google said it has taken a stake in Taiwan's New Green Power and could buy up to 300 megawatts of renewable energy from the BlackRock fund-owned firm to help cut its carbon emissions and those of suppliers.
Google aims to constantly run on carbon-free energy wherever it operates. Yet sector growth in demand for data-processing capacity to power artificial intelligence has seen emissions jump. "The goal of this investment is really to support the build out of a large-scale solar pipeline in Taiwan," Corio added.
New Green Power, owned by a fund managed by BlackRock's Climate Infrastructure business, was one of the leading solar developers and operators in Taiwan, BlackRock's Global Head of Climate Infrastructure David Giordano told Reuters.