Google is investing in a solar developer in Taiwan that is backed by BlackRock, amidst the growth of artificial intelligence technology.

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Investment by Google in a Solar Firm in Taiwan Boosted by BlackRock as Artificial Intelligence Expands

Google has revealed a strategic partnership with BlackRock to foster a 1 gigawatt pipeline of fresh solar capability in Taiwan. This announcement came as the tech behemoth aims to enhance energy capacity and reduce carbon emissions in line with the rise of artificial intelligence technology.

The venture will witness Google making a monetary investment in Taiwanese solar developer New Green Power, a BlackRock-affiliated company. The exact amount of Google’s investment in New Green Power has not been disclosed yet.

By supporting the construction of large-scale solar projects, this investment will contribute to the availability of clean energy on Taiwan’s energy grid. Additionally, Google intends to achieve net-zero emissions throughout its operations and value chain by 2030, further solidifying its commitment to sustainability.

The fresh solar capacity generated from this collaboration will play a vital role in powering Google’s data centers and cloud region in Taiwan. Some portion of this clean energy will also be extended to Google’s chip suppliers and manufacturers within the region.

According to Amanda Peterson Corio, the global head of data center energy at Google, “We anticipate procuring around 300 megawatts of solar energy through power purchase agreements (PPAs) from this pipeline. This energy will assist in meeting the electricity requirements of our data center campus, cloud region, and offices in Taiwan.”

The Republic of Taiwan is a dominant player in the semiconductor industry, producing nearly 60% of the world’s semiconductor chips, which are crucial components in advanced AI processors. The fabrication of these chips requires substantial energy, making it essential to shift towards renewable energy sources.

Conversely, a significant majority (about 97%) of Taiwan’s energy is sourced from non-renewable origins like coal and natural gas. This stark reality underscores the pressing need to transition towards sustainable energy sources.

David Giordano, BlackRock’s global head of climate infrastructure, emphasized the necessity of investing in clean energy to meet the surging demand for digital services fueled by AI and data-centric technologies.

As nations like Singapore advocate for green data centers to alleviate the strain on energy resources caused by the expanding artificial intelligence industry, the push for renewable energy expansion becomes even more critical.

Renewable energy progress in the Asia-Pacific region is witnessing a robust increase, albeit from a modest starting point. Reports indicate that renewable energy could constitute 30% to 50% of the energy mix in most markets by 2030, necessitating substantial investment to realize this transition.

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