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Google inks $3B deal to buy hydropower from Brookfield

1. Google has agreed to pay $3 billion for carbon-free hydropower. 2. The deal includes 20-year agreements for 670 megawatts of power. 3. Google aims to support its expanding data centers with renewable energy. 4. The agreement enhances Google's commitment to net-zero carbon emissions. 5. Hydropower investments reflect a growing energy demand in tech.

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FAQ

Why Bullish?

The significant investment in renewable energy aligns with long-term sustainability, attracting environmentally-conscious investors.

How important is it?

The large-scale commitment to renewable energy is crucial for positioning GOOG competitively and sustainably in a green energy future.

Why Long Term?

As data centers grow, sustainable energy agreements will stabilize operational costs, boosting future profits.

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