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Google Pulls the Plug on Its Green Energy Programby Leslie GuevarraGreenBiz.com, November 23, 2011 |
Google has decided to power down its 4-year-old RE
"This initiative was developed as an effort to drive down the cost of renewable energy, with an RE
Despite the retreat from RE
"Financial justification for large scale, energy producing, renewable projects is challenging, even for cash rich companies like Google," Baier said. "Google will continue to make a material difference for the environment by focusing on greening its energy purchases (buying but not generating renewable energy), facilities (requiring energy efficient buildings), and data centers (requiring energy efficient servers). These activities are more achievable, fiscally responsible, and help drive demand. Leave the large scale renewable generation projects to the utilities and the government."
"It's refreshing to see companies like Google use the same financial thresholds for renewable projects that are used with other corporate investments," he said in an email exchange this morning. "Long-term environmental sustainability will only occur if the underlying projects are supported by reasonable financial returns."
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Leslie Guevarra
Google Pulls the Plug on Its Green Energy Program
GreenBiz.com, November 23, 2011
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