September 12, 2018 Read More →

Google buying 190 MW of Finnish wind power

Reuters:

Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.

Google said on Tuesday that the Finnish deal is the first where it is buying power from European projects that will not receive any government subsidies. “In a growing number of locations, the cost of new renewable energy is competitive with the cost of power from the grid,” Marc Oman, Google’s head of EU energy, said in a blog.

The combined capacity of the three farms will be 190 megawatts (MW) and will be built by renewable energy developers Neoen of France and Germany’s CPC and WPD.

Last year, the number of new corporate PPAs, primarily wind and solar, reached a record with more than 5 gigawatts contracted, up almost a third from the 2016 level, the International Renewable Energy Agency said.

Some European countries, most notably Germany and the Netherlands, have recently attracted zero-subsidy bids from wind project developers, putting intense pressure on turbine makers as the industry weans itself off government support.

More: Google buys into new Finnish wind energy in renewables search

Comments are closed.