Alphabet, the parent company of Google, has inked a solar power purchase pact with a consortium helmed by the Malaysian arm of Japan's Shizen Energy. As per the deal, Alphabet will buy electricity from a 30 - megawatt solar farm that the consortium is developing. The project is anticipated to commence operations in 2027. This step underscores the endeavors of tech behemoths to decarbonize their energy - guzzling operations. At present, certain regions in Asia still heavily depend on fossil fuels. In its operations, Google deems this area as "one of the most formidable regions worldwide for decarbonization." Malaysia has set an ambitious goal to ramp up the proportion of installed renewable energy capacity to 70% by 2050 and has rolled out the "Corporate Green Power Program" to draw in investments. Google's agreement was signed within the framework of this program. Long - term power purchase agreements are a vital tool for companies to realize their emission reduction objectives. Previously, Shizen has also clinched other clean energy deals with Microsoft and Google.
