Google announced that it is taking another big step towars renewables by making the biggest corporate purchase of renewable energy in history.







What Happened?

The search giant has entered a package of agreements that will enable it to purchase a total of 1,600-megawatt (MW) renewables.

The entire agreement is made up of 18 deals which will span the globe to include investments in the U.S., Chile and Europe. The company said the purchases will increase its total wind and solar agreements by more than 40 percent, to 5,500 MW—equivalent to the capacity of a million solar rooftops.

Why It Matters

Google says these agreements will spur the construction of more than $2 billion in new energy infrastructure, including millions of solar panels and hundreds of wind turbines, and also create thousands of jobs.

“We’re not buying power from existing wind and solar farms, but instead are making long-term purchase commitments that result in the development of new projects,” wrote Sundar Pichai, CEO Google in a blog article.