The partnership with Baseload Capital also includes an equity investment in the company
Google has announced its first-ever power purchase agreement (PPA) for geothermal energy in the East Asian country of Taiwan.
The initial projects, developed by Baseload Capital, will add 10MW of power to the grid, with the partnership also including an equity investment in the company.
Geothermal energy taps into underground heat to generate clean electricity and is an “around-the-clock” energy source, believed to have significant potential in Taiwan.
With its unique geological position along the Pacific Ring of Fire, Google suggests Taiwan has access to “substantial geothermal resources”, offering stable and reliable baseload power to complement variable renewable energy technologies like solar and wind.
