We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Google Buys Clean Energy to Power European Datacenters
Read MoreHide Full Article
Data centers require a constant and unwavering supply of power. Recently, Alphabet Inc. (GOOGL - Free Report) owned search engine giant Google announced that it has bought 12 years worth of future power output for its datacenters in Europe from two wind power farms in Norway and Sweden, which have yet to be constructed.
Additionally, the company also mentioned in a separate statement that it has consented to purchase power from a smaller wind farm project in Sweden, which takes the total acquired output to 236 megawatts (MW).
The Deals in Detail
The 50-turbine, 160-megawatt Telleness wind farm was sold by Zephyr and Norsk Vind Energi and is expected to attain its optimum capacity by late 2017, which will also make it the second largest wind power farm in Norway.
On the other hand, the 22-turbine Sweden-based wind farm is expected to be complete by early 2018.
However, no information was available on the value of the deals.
Focus on Carbon Neutrality
Google is a carbon-neutral company. It is committed to power all of its operations through renewable energy sources, hence doing its part to create a cleaner and greener planet. In this regard, Marc Oman, EU Energy Lead, Google Global Infrastructure, noted that this wind power deal, which is Google’s first in Norway and the biggest to date in Europe, is a step toward fulfilling that commitment.
At present, Alphabet has a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the broader technology space include Blucora, Inc. , Blue Calypso, Inc. and Internap Corporation , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Google Buys Clean Energy to Power European Datacenters
Data centers require a constant and unwavering supply of power. Recently, Alphabet Inc. (GOOGL - Free Report) owned search engine giant Google announced that it has bought 12 years worth of future power output for its datacenters in Europe from two wind power farms in Norway and Sweden, which have yet to be constructed.
Additionally, the company also mentioned in a separate statement that it has consented to purchase power from a smaller wind farm project in Sweden, which takes the total acquired output to 236 megawatts (MW).
The Deals in Detail
The 50-turbine, 160-megawatt Telleness wind farm was sold by Zephyr and Norsk Vind Energi and is expected to attain its optimum capacity by late 2017, which will also make it the second largest wind power farm in Norway.
On the other hand, the 22-turbine Sweden-based wind farm is expected to be complete by early 2018.
However, no information was available on the value of the deals.
Focus on Carbon Neutrality
Google is a carbon-neutral company. It is committed to power all of its operations through renewable energy sources, hence doing its part to create a cleaner and greener planet. In this regard, Marc Oman, EU Energy Lead, Google Global Infrastructure, noted that this wind power deal, which is Google’s first in Norway and the biggest to date in Europe, is a step toward fulfilling that commitment.
At present, Alphabet has a Zacks Rank #4 (Sell).
Stocks to Consider
Some better-ranked stocks in the broader technology space include Blucora, Inc. , Blue Calypso, Inc. and Internap Corporation , each carrying a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>