Google to Invest Around $1.18 Billion in German Cloud Business, Renewable Energy

   By Mauro Orru 
 

Alphabet Inc.'s Google will invest around 1 billion euros ($1.18 billion) to expand its cloud computing business in Germany and double down on its commitment to renewable energy as the company aims to run on carbon-free energy everywhere by 2030.

The internet giant said Tuesday that part of the investment--spanning from 2021 to 2030--would go toward a new cloud center in Berlin-Brandenburg, complementing a separate facility in Hanau that is set to enter service next year.

"Google is investing in Germany's potential and supporting the transition to a digital and sustainable economy," the company said in a blog post, after signing a carbon-free energy supply agreement with French utility company Engie SA.

Under three-year deal, Engie will supply Google with 140 megawatts of renewable power, such as solar and wind, to help make all its German operations nearly 80% carbon-free by 2022.

Engie will also be responsible for energy-management services, including the sourcing of residual supply and grid management.

Write to Mauro Orru at [e-mail]; @MauroOrru94

(END) Dow Jones Newswires

August 31, 2021 07:34 ET (11:34 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.