Google has closed a $3 billion deal to secure 3,000 megawatts of hydroelectric power, as it looks to meet the data demands of its growing AI and cloud computing platforms by harnessing low-cost clean energy. Brookfield Asset Management’s renewables division says that its deal with Google is the largest deal of its kind for hydroelectricity. The first phase of this deal will provide Google with 670MW of carbon-free electricity from Brookfield’s Holtwood and Safe Harbor plants in Pennsylvania.
The Hydro Framework Agreement (HFA) allows Google to upgrade or develop the existing facilities as it sees fit in
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