Google has signed its first corporate power purchase agreement for geothermal energy in Asia, marking a major milestone in its global clean energy strategy.
The tech giant announced on Tuesday a deal with Sweden-based Baseload Capital to supply 10 megawatts of always-on renewable power in Taiwan.
The agreement is the first of its kind for corporate geothermal energy in the region and bolsters Google’s efforts to power its operations with round-the-clock clean electricity.
The initial projects, developed by Baseload Capital’s local subsidiary, Baseload Power Taiwan, will contribute directly to Taiwan’s energy grid and support the growing electricity demand from Google’s data centers and offices in the country.
Tapping Taiwan’s Geothermal Potential
“Geothermal energy is a critical component of our strategy to achieve 24/7 carbon-free energy,” Google said in a statement. “With Taiwan’s abundant geothermal resources, these projects provide stable, baseload power to complement solar and wind.”
Situated on the seismically active Pacific Ring of Fire, Taiwan has a significantly untapped geothermal potential.
Through this long-term partnership, Google aims to catalyze geothermal market development by supporting a local ecosystem of exploration, workforce training, and infrastructure growth.
In addition to the PPA, Google has made an equity investment in Baseload Capital, which has been active in Taiwan since 2019. The investment is expected to further accelerate the region’s geothermal deployment and regulatory improvements.
Expanding Regional and Global Clean Energy Footprint
The deal follows Google’s previous clean energy moves in Taiwan, including its first solar PPA in 2019 and a 1 GW solar development pipeline announced earlier this year. The company says its strategy includes sourcing power for its needs and driving clean energy adoption across broader markets.
“These projects support Taiwan’s goal of achieving 6 GW of geothermal capacity by 2050,” the company said. “We also see potential to replicate this model in other Asia-Pacific markets like Japan and Indonesia.”
Globally, Google continues to invest in advanced geothermal technologies through partnerships with companies like Fervo Energy and research initiatives such as Project Innerspace.
The company also supports geothermal development efforts in the Asia-Pacific region in Australia.
Google aims to run all of its data centers and campuses on carbon-free energy around the clock by 2030, a target industry analysts say could reshape energy procurement strategies across the tech sector.
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