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Sign InIn a move reflecting the accelerating investment by Big Tech in clean energy to meet data center demands, Enlight Renewable Energy has signed a 200 MW solar power purchase agreement (PPA) with Google. The electricity will be sourced from Enlight’s 250 MW Solstice solar project located in LeFlore County, Oklahoma. According to reports, the project is slated to receive full interconnection approval in 2026.
This agreement comes as demand for renewable energy surges among tech giants like Microsoft and Amazon, with Google striving to meet its ambitious climate goals. Per market data, PPAs have become a vital tool for stabilizing energy costs for massive data centers supporting AI technologies. Google previously announced its commitment to operating all data centers and offices on carbon-free energy 24/7 by 2030 (Source: Google Environmental Report 2024).
Investors should monitor GOOGL shares, which stood at $175.16 at close on May 22, 2026, as these long-term partnerships enhance operational efficiency. Looking ahead, traders are awaiting the FOMC Minutes on May 20, 2026, which could impact financing costs for large-scale renewable projects and the broader trajectory of technology stocks.