Amid AI boom, Google invests in BlackRock-backed Taiwanese solar developer

Aerial imagery reveals the mutual benefits of combining solar energy production with agricultural land use: farmers can diversify their income sources by leasing land to solar energy developers and maintain agricultural activities on the remaining land. This symbiotic relationship supports sustainable development by reducing greenhouse gas emissions and facilitating the adoption of renewable energies.

Seaway | E+ | Getty Images

Google is partnering with BlackRock to develop 1 gigawatt of new solar power capacity in Taiwan, the US tech giant announced on Monday as it seeks to boost energy capacity and reduce carbon emissions amid an artificial intelligence boom.

The deal, pending regulatory approval, will see Google make an equity investment in Taiwanese solar developer NuGreen Power to “accelerate the buildout of a large-scale solar power pipeline.”

Google did not disclose the size of its investment in New Green Power, a BlackRock portfolio company.

The company said the investment will boost clean energy in Taiwan's local power grid and help Google reach its goal of achieving net-zero emissions across all its operations and value chain by 2030.

The new solar capacity will help power Google's data centers and cloud areas in Taiwan, according to a press release. Some of the clean energy capacity will also be provided to Google's chip suppliers and manufacturers in the region.

“We plan to procure up to 300 units. [megawatts] “Google will procure solar energy from this pipeline through power purchase agreements (PPAs) and associated energy attribute certificates (Taiwan Renewable Energy Certificates, or T-RECS) to meet the electricity demand from our Taiwan data center campuses, cloud regions and Taiwan office operations,” Amanda Peterson Corio, Google's global head of data center energy, said in a blog post on Monday.

Taiwan produces about 60% of the world's semiconductor chips and an even larger share of advanced AI processors, according to global consulting firm EY. Chip manufacturing is a long and complex process, making chip manufacturing facilities some of the world's largest consumers of energy.

However, about 97% of Taiwan's energy is produced from non-renewable resources such as coal and natural gas, according to data from the Taiwan Ministry of Economic Affairs' Bureau of Energy.

This will require increased renewable energy sources.

“Growing demand for digital services powered by AI and data-driven technologies makes clean energy investments essential,” said David Giordano, global head of climate infrastructure at BlackRock.

Singapore said in May it was promoting green data centers as exploding demand for artificial intelligence (AI) puts strain on its energy resources. The goal is to provide at least 300 megawatts of additional capacity in the near future, and to increase that through “green energy deployment,” the government said.

Renewable energy development in Asia-Pacific is growing strongly but from a low base, according to an April 23 report from the Boston Consulting Group. By 2030, renewables are projected to make up 30% to 50% of the energy mix in most markets in the region, the report said, adding that “significant investments” are needed.

Sources 1/ https://Google.com/ 2/ https://www.cnbc.com/2024/07/01/google-invests-in-blackrock-backed-solar-developer-in-taiwan-amid-ai-boom.html The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos