Alphabet Inc. (NASDAQ:GOOGL) Inks 4-Year Power Deal From Netherlands’ Solar Energy Park

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Alphabet Inc. (NASDAQ:GOOGL) Inks 4-Year Power Deal From Netherlands’ Solar Energy Park

Alphabet Inc. (NASDAQ:GOOGL) has reached an agreement with Eneco for the purchase all solar power energy generated in Netherland’s largest solar park. The search giant plans to use the solar energy to power its data center in the city of Eemshaven.

 Google’s Eneco Investment

The power purchase agreement covers a period of four years and is Google’s fourth in the country. The company’s total renewable energy supply capacity currently stands at 2.7GW. The agreement goes to support Netherlands aggressive push to renewable energy that has so far attracted investment of up to 12 billion euros for offshore wind farms.

Google on its part has embarked on an ambitious project of using renewable energy to power a good chunk of its operations starting with data centers and office operations.

“After the agreement with Eneco for the delivery of wind energy from WindPark Delfzijl and the agreements with the wind parks Krammer and Bouwdokken, we are pleased that we can now also make use of solar energy,” said Marc Oman Google’s EU energy lead.

 Tech Giant’s Solar Push

The company is hoping that its investments will help push more tech companies with big financial muscle to invest in renewable sources of energy. Under the Sunroof project, the company has rolled out a new tool that lets people see whether their neighbors have installed solar panels as a way of encouraging more people to switch to solar power.

Sunroof Project provides data for up to 60 million homes across the US as Google works on adding 40 million more, over the next few years. The project takes advantage of the company’s trove of data to show people how much sunlight their roof could generate as well as locating hot spots on the roof top.

Google is not the only tech giant to resort to wind and solar energy. Facebook Inc. (NASDAQ:FB) on its part has built a solar-powered drone that it plans to use to beam internet access to some of the remote parts of the world. Apple Inc.(NASDAQ:AAPL) is fresh from issuing a new $1 billion bond whose funds it plans to use to finance solar and wind projects among other environmentally friendly projects.

Google was up by 1.41% in Friday’s trading session to end the week at $940.81 a share.