Clearway Energy has finalized three 20-year power purchase agreements (PPAs) with Google, covering 1.17 gigawatts of new carbon-free capacity across Missouri (SPP), Texas (ERCOT) and West Virginia (PJM). Together these projects represent over $2.4 billion in infrastructure investment and will supply renewable energy directly to regional grids serving Google’s data centers. Construction on more than 1 GW of capacity is slated to begin this year, with the first facilities expected to enter service in 2027 and 2028.

These agreements expand Google’s existing relationship with Clearway, pushing their total contracted capacity to 1.24 GW of carbon-free power. By locking in long-term off-take at fixed rates, Google further hedges against traditional energy price volatility and supports its commitment to operating on 24/7 carbon-free energy by 2030. The addition of projects in three separate grid regions also diversifies Google’s supply mix and enhances resilience for its high-demand compute workloads.

For investors, the PPAs provide increased visibility into Google’s future energy costs and reinforce its leadership in corporate sustainability. Securing nearly $2.5 billion of renewable capacity under long-term contracts underscores the company’s balance-sheet strength and willingness to invest in decarbonization. These deals also reduce scope 2 emissions and contribute to Google’s broader goal of achieving net-zero operational emissions by 2030, a key factor for ESG-focused shareholders.