Google signs solar power pact in Malaysia with Shizen Energy

Core Viewpoint - Google has signed a solar power agreement in Malaysia to secure clean electricity for its global operations, highlighting the tech industry's commitment to decarbonization efforts [1][2]. Group 1: Agreement Details - Google will purchase power from a 30-megawatt solar farm developed by a consortium led by Shizen Energy Inc., with operations expected to start in 2027 [2]. - The agreement is part of Malaysia's initiative to provide green power to companies, aiming for 70% of its installed power capacity to be renewable by 2050, up from 26% last year [4]. Group 2: Industry Context - The agreement reflects the challenges faced by tech firms like Google, Microsoft, and Amazon in decarbonizing their energy-intensive operations in Asia, which remains heavily reliant on fossil fuels [3]. - Long-term power purchase agreements (PPAs) are becoming essential for companies to meet emissions goals, providing financial stability in a region with regulatory uncertainties [5].