Google to Invest 3 Billion Euros in European Data Centers
September 20 2019 - 10:52AM
Dow Jones News
By Dave Sebastian
Alphabet Inc.'s (GOOG, GOOGL) Google LLC plans to invest 3
billion euros ($3.31 billion) to build data centers in Europe over
the next two years, in a move to up its sustainability efforts,
Chief Executive Sundar Pichai said Friday.
The company plans to invest EUR600 million for its data-center
presence in Hamina, Finland, as part of the investment, Mr. Pichai
said in a blog post.
With the latest investment, Google would have poured EUR15
billion into Europe's internet infrastructure since 2007, Mr.
Pichai said.
Mr. Pichai said Google is embarking on 10 renewable energy
projects that include an offshore wind project in Belgium, five
solar energy projects in Denmark and two wind energy projects in
Sweden.
Mr. Pichai was in Helsinki Friday to meet Finnish Prime Minister
Antti Rinne.
The projects would support more than 13,000 full-time jobs in
the European Union, Mr. Pichai said, citing a Copenhagen Economics
study.
Also, on Thursday, Mr. Pichai said the company purchased a
1,600-megawatt package of agreements that include 18 energy deals,
including the construction of more than $2 billion in new energy
infrastructure.
Google has had a rocky relationship with European antitrust
regulators, which penalized the tech giant with a EUR1.49 billion
fine in March for limiting how some websites could display ads sold
by its rivals.
The fine added to a total of EUR6.76 billion levied against
Google in two other decisions since 2017, trailing formal charges
the European Union has filed so far against the tech giant in a
decadelong investigation into its practices.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
September 20, 2019 10:37 ET (14:37 GMT)
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