Google will partner with BlackRock to develop a 1-gigawatt pipeline of new solar capacity in Taiwan to boost renewable energy production. The investment will help Google achieve its goal of having all operations emit net-zero emissions by 2030. A portion of the new solar capacity from the pipeline will power Google's data centers and cloud region in Taiwan. Taiwan relies heavily on non-renewable energy like coal and gas for around 97% of its power. It manufactures approximately 60% of the global semiconductor chips and a larger percentage of advanced AI processors. The country's chip fabrication facilities are energy-intensive due to the complex manufacturing process.
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00:00It's Benzinga, and here's what's on the block.
00:02Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity
00:07in Taiwan to boost renewable energy production.
00:10The investment will help Google achieve its goal of having all operations emit net-zero
00:14emissions by 2030.
00:16A portion of the new solar capacity from the pipeline will power Google's data centers
00:20and cloud region in Taiwan.
00:22Taiwan relies heavily on non-renewable energy like coal and gas for around 97% of its power
00:27and manufactures approximately 60% of the global semiconductor chips and a larger percent
00:33of advanced AI processors.
00:35The country's chip fabrication facilities are energy-intensive due to complex manufacturing
00:39processes.
00:40For all things money, visit Benzinga.com