With the world's renewable energy market expected to hit $1.5 trillion by 2025, a number of global firms are further committing to their own greener operations. Google is the latest company to announce another groundbreaking deal for its operations in the UK, Europe and Chile by signing 18 clean energy deals. This represents their largest investment to date in low-carbon energy.
In total, these new clean energy deals will bring 1,600 MW of renewable energy into Google's operation, growing the brand's solar and wind power agreements to an impressive 5,500 MW overall.
The tech giant now has 52 renewable power projects across the world in its bid to become carbon-neutral. The latest investments seek to further invest in new clean energy infrastructure and will be worth over $2 million in investment.
Google also plans to buy another 720 MW of renewables in the USA from solar farms in Texas and the Carolinas. It will buy 125 MW of clean energy in Chile for its in-country data centre and is working on plans to buy more renewable energy in Europe to power energy-hungry data farms across the region.
Sundar Pichai, the CEO of Google, said that the company had previously invested heavily in wind energy and was now keen to focus on solar energy across the USA - providing skilled jobs as well as low-carbon power. The declining costs of this technology are also making it more attractive. In Chile, the project will involve a hybrid wind and solar deal, allowing energy to be produced when different weather conditions are present.
The latest news will no doubt encourage other global brands to announce their latest clean energy investments as the world's companies strive to combat climate change at a private level, forcing governments to do more.