💥 Fed cuts sparks mid cap boom! ProPicks AI scores with 4 stocks +23% each. Get October’s update first.Pick Stocks with AI

Google to invest data centre and green energy in Denmark

Published 20/11/2018, 07:30
© Reuters. FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing
VWS
-
GOOGL
-
AAPL
-
META
-
GOOG
-
ORSTED
-

COPENHAGEN (Reuters) - Alphabet Inc's (O:GOOGL) Google will invest 4.5 billion Danish crowns (537.2 million pounds) in building a new data centre in Fredericia, Denmark, its Danish business said on Tuesday.

Google has also decided to actively pursue new green investment opportunities in Denmark and is evaluating a number of projects within onshore and offshore wind energy and solar energy, it said without naming any business partners.

Denmark is home to a large wind energy sector including turbine maker Vestas Wind Systems (CO:VWS) and offshore wind farm developer Orsted (CO:ORSTED).

Google said in September it had signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of its data centres.

The new data centre in Fredericia will employ 150 to 200 staff once it is completed in 2021, according to the plans.

© Reuters. FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing

Besides Fredericia, last year Google bought another plot in Denmark, in Aabenraa, next to a planned Apple Inc (O:AAPL) data centre. Facebook (O:FB) has also planned a data centre in Denmark.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.