Particle.news

Download on the App Store

Google and Baseload Capital Sign Asia's First Corporate Geothermal Energy Deal in Taiwan

The agreement marks a milestone in advancing 24/7 clean energy solutions, with initial projects delivering 10 MW of reliable geothermal power by 2029.

Overview

  • Google has finalized its first-ever corporate power purchase agreement (PPA) for geothermal energy in Asia with Baseload Capital, marking a historic first for the region.
  • The partnership will provide 10 megawatts of always-on, carbon-free energy to support Google’s data centers and offices in Taiwan.
  • This agreement doubles Taiwan's current commercial geothermal capacity and aligns with the nation's goal of achieving 6 GW of geothermal energy by 2050.
  • Google has also made an equity investment in Baseload Capital to accelerate geothermal energy development across Asia-Pacific and globally.
  • Geothermal energy is highlighted as a reliable, 24/7 clean power source, critical for reducing carbon footprints and meeting the growing energy needs of digital innovation.

Loading Articles...

Loading Quotes...