Solar independent power producer Power Capital Renewable Energy has agreed a purchase deal with Google to provide green electricity to the company which will assist in powering its data centre and offices in Ireland.
The 14-year power purchase deal will see Google use the clean energy produced by a 83MW solar farm which is currently under construction in Co Wexford.
Power Capital will be responsible for providing Google with solar power production for a capacity of 58 MW of for the duration of the agreement.
The project, which secured project financing earlier this year from AIB and La Banque Postale, is due to complete in early 2024.
Power Capital said it will invest about €54m to construct the project and will connect into a 110kV substation which Power Capital is building specifically for the project to connect into the transmission system operated by Eirgrid.
Justin Brown and Peter Duff, co-CEOs and founders of Power Capital Renewable Energy, said the company is very active in the corporate power purchase market.
"The opportunity to partner with Google on a transaction like this is very significant milestone for us," the two CEOs said.
"Understanding the requirements and aligning the interests of both companies to achieve the desired outcome has resulted in a further 83MW of solar energy being connected to the grid, reducing Ireland's carbon emissions, and helping reach the 2030 targets," they added.
Ainhoa Anda, Data Center Energy Senior Lead at Google, said that climate change is one of the biggest challenges of our time, but added that technology can be part of the solution.
"We're excited to collaborate with Power Capital Renewable Energy for our first long-term renewable energy deal in Ireland because deals like these take us one step closer to a carbon-free future, by helping to add new clean energy sources to Ireland's grid," Ainhoa Anda added.
