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2 min read Operations & Finance

Google buys stake in Taiwan solar firm to offset regional emissions

Google has purchased a stake in a BlackRock-backed solar firm amid cries that the AI boom is worsening Big Tech's carbon footprint.
Olivia Peluso
Olivia Peluso
Google buys stake in Taiwan solar firm to offset regional emissions
Photo by Pawel Czerwinski on Unsplash

Google on Monday said it had purchased a stake in Taiwan’s New Green Power to develop a 1 gigawatt (GW) pipeline of new solar capacity in Taiwan.

New Green Power, which is owned by a fund managed by BlackRock’s Climate Infrastructure business, is one of the leading solar developers in Taiwan. Google will make an unspecified capital investment “to facilitate the buildout of its large-scale solar pipeline,” though it is yet to be approved by regulators. 

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