Google invests in Taiwanese solar company to boost green energy

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invests in Taiwanese solar company to boost green energy

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is

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in a Taiwanese solar company with plans to build a 1 gigawatt (GW) pipeline of sustainable energy in the region. The company is placing a stake in New Green Power (NGP), part of BlackRock’s investment portfolio, for the project. The move could help

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and Taiwan move closer to their climate goals while stabilizing green energy production in one of the most crucial semiconductor hubs of our new AI-infused world.

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already has a significant presence in Taiwan, including a

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. According to Amanda Peterson Corio,

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’s global head of data center energy, fossil fuels currently generate nearly 85 percent of Taiwan’s power grid. “To help overcome these obstacles, companies can play a pivotal role in finding new strategies to grow the supply of available renewable energy sources and promoting emerging technologies that enable the full decarbonization of regional electricity systems,” she wrote.

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expects to use up to 300 megawatts of solar capacity to power its data centers in Taiwan. In addition, Peterson Corio says the company “may offer a portion of this clean energy capacity to [its] semiconductor suppliers and manufacturers in the region.” She said that would help its partners meet their green energy goals and reduce indirect (Scope 3) emissions from

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’s supply chain partners.

“A significant share of our Scope 3 footprint can be traced back to the electricity grids that power our suppliers and users, which is why broad decarbonization — and partnerships like this — continue to be core to our net-zero goal,” Peterson Corio wrote.

Regulators haven’t yet approved the deal.

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hasn’t said how much it’s investing in NGP.

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taiwan, news, Climate, solar,

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, tomorrow, sustainability
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#invests #Taiwanese #solar #company #boost #green #energy

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