Google Buys Into New Finnish Wind Energy in Renewables Search

Google Buys Into New Finnish Wind Energy in Renewables Search
A Google logo is displayed at the entrance to the internet based company's offices in Toronto, Ontario, Canada, on Sept. 9, 2018. Reuters/Chris Helgren
|Updated:

Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centers.

Big companies have rushed to secure cheap renewable energy to manage costs and reduce their carbon footprint through so-called corporate power purchase agreements (PPAs), which allow firms such as Google, owned by Alphabet Inc, Facebook and Microsoft to buy directly from the energy generator.