Google obtains a Renewable Energy Power Purchase Agreement in Texas

See on Scoop.itGreen Energy Technologies & Development

Duane Tilden‘s insight:

>The structure of this agreement is similar to our earlier commitments in Iowa and Oklahoma. Due to the current structure of the market, we can’t consume the renewable energy produced by the wind farm directly, but the impact on our overall carbon footprint and the amount of renewable energy on the grid is the same as if we could consume it. After purchasing the renewable energy, we’ll retire the renewable energy credits (RECs) and sell the energy itself to the wholesale market. We’ll apply any additional RECs produced under this agreement to reduce our carbon footprint elsewhere.<

See on googleblog.blogspot.ca

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