Sweden has become the synonym for the renewable energy hub as it has made some remarkable success in the respective field and continues to grow rapidly.
Sweden has become the favourite for green and clean energy investments as the market is favourable and doesn’t show any risks in the energy sector with the support of the common masses to the sector. Now, this has caught the eye of the United States-based tech giant Google headed by Sundar Pichai of India. CEO of Google revealed plans for the biggest renewable energy deal in corporate history. Sundar Pichai said the clean energy deal will include 18 separate agreements to supply Google with electricity from wind and solar projects across the world. The search engine’s green energy portfolio will grow by 40%, giving the company access to an extra 1.6 gigawatt of clean electricity – the equivalent capacity of a million solar rooftops, the company said. Google with this announcement has become the largest corporate buyer of renewable electricity by matching the huge energy demand of its global operations and data centres with the electricity generated by renewable energy projects.
Nearly 50 percent of Google’s new renewable energy investments will be invested in Europe, including projects in Finland, Sweden, Belgium, and Denmark. With this new investment and government policies, Sweden is all set to make a huge impact on its renewable market and grow it to attract more foreign investments, hence growing its economy. Sweden is all set to become the first 100 percent renewable run nation.