Alphabet’s Google Awards PPAs to Clearway Energy to Receive Carbon-Free Energy For Its Data Centers

Group 1 - Alphabet Inc. (NASDAQ:GOOGL) is recognized as one of the 15 best S&P 500 stocks to consider for 2026 [1] - Google has awarded three long-term power purchase agreements (PPAs) to Clearway Energy Group, totaling approximately 1.17 GW of carbon-free energy projects [1][2] - The agreements with Clearway will provide carbon-free energy to support Google's data centers across various regions, with a total investment of $2.4 billion [2] Group 2 - The lifespan of the agreements with Clearway is 20 years, aimed at driving economic growth in local communities [2] - Construction on the energy projects is expected to begin in 2026, with initial sites projected to go live in 2027 and 2028 [2] - Analyst John Blackledge from TD Cowen raised the price target on Alphabet from $350 to $355, citing Google Search's high return on investment and its leadership in digital advertising [3]