Tech giant Google has signed the largest Power Purchase Agreement (PPA) with offshore wind projects off the coast of the Netherlands as part of its efforts to improve its energy supply and meet its climate goals, reports Reuters.
Renewable energy project developers are increasingly tying their electricity production to long-term PPAs to ensure revenue security, while corporate buyers are interested in locking in their supply and ensuring they meet their procurement targets. clean energy.
In the largest offshore wind PPA to date, Google has agreed to take 478 megawatts (MW) of power from two new wind farms developed by the Crosswind & Ecowende Consortia, joint ventures between energy companies Shell and Eneco.
Google also announced renewable energy deals in Italy, Poland and Belgium, but did not disclose their financial details.
«Our ambition to run on carbon-free energy every hour by 2030 requires clean energy solutions in every network where we operate,» said Matt Brittin, Google’s EMEA president.
Many companies with similar objectives currently work on the basis of annual PPAs, matching agreements or purchases of renewable energy certificates with their annual electricity consumption.
Google, however, aims to match each hour of electricity used with an hour of clean energy production, something proponents of the method say better reflects companies’ actual energy use.
