According to AES, the transaction will result in construction of around 500 MW of renewable energy and storage projects to ensure Google\u2019s Virginia-based data centers will be 90% carbon-free when measured on an hourly basis.<\/p>\n\n\n\n

AES put together the 500 MW portfolio from a combination of the company\u2019s own renewable projects and those of third party developers, which were selected, sized and contracted to meet Google\u2019s energy needs. The portfolio is expected to require $600 million in investment and generate 1,200 jobs, both permanent and construction, in the host communities.<\/p>\n\n\n\n

The company said that these efforts will simplify Google\u2019s energy procurement and management at a competitive price while decarbonizing Google\u2019s load and the broader PJM grid. The agreement will start supply later in 2021 and is a step in meeting Google\u2019s previously announced goal to run its business on 100% carbon-free energy on an hourly basis by 2030.<\/p>\n\n\n\n