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Google and BlackRock Invest in Taiwan Solar Amid AI Growth

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Google announced on Monday that it will work with BlackRock to develop new solar energy projects in Taiwan. This partnership aims to increase energy capacity and reduce carbon emissions, especially as artificial intelligence (AI) technology grows.

Google will invest in a Taiwanese solar company called New Green Power, which is backed by BlackRock. This investment will help build large-scale solar energy projects in Taiwan. The exact amount of Google’s investment has not been shared yet.

The new solar energy will be used to power Google’s data centers and cloud services in Taiwan. Some of the energy will also support Google’s chip suppliers and manufacturers in the area. Google’s goal is to have net-zero emissions by 2030.

Taiwan is a major producer of semiconductor chips, which are essential for AI. Making these chips uses a lot of energy, but most of Taiwan’s energy comes from non-renewable sources like coal and natural gas. This is why there is a need for more renewable energy.

David Giordano from BlackRock emphasized the importance of investing in clean energy as the demand for digital services and AI grows.

Other regions, like Singapore, are also pushing for green energy to meet the increasing energy demand from AI. A report from Boston Consulting Group shows that renewable energy in the Asia-Pacific region is growing and could make up 30% to 50% of the energy mix by 2030, but significant investment is needed.

Source: cnbc