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It's certainly a good thing they're doing, but really all they're doing is bidding higher than other companies on renewable energy, and since we don't have unli
by wicksell 10y ago
It's certainly a good thing they're doing, but really all they're doing is bidding higher than other companies on renewable energy, and since we don't have unlimited renewable energy (only as much as we have wind turbines and solar panel arrays &c), all they're really doing is shifting renewable energy usage from smaller companies to themselves. It's not like they're creating renewable energy or anything, they're just changing where it goes.
But at least they're going to create a greater demand to hopefully create a greater supply sometime soon, plus they're paying into the renewable energy economic machine.
- philipkglass 10y agoNo, Google has been signing power purchase agreements with renewable energy developers. The signed agreements are what developers need to build new solar and wind projects. It's new renewable demand driving new supply.