The search giant will become the biggest corporate buyer of renewable energy globally, and it will be supplied mostly by wind and solar power - two sources that have come down in cost by a whopping 60% and 80% respectively over the last six years. Of course the company will benefit from major tax breaks as a result. Gary Demai, head of Google’s strategy for energy, acknowledged this by saying, “Financial incentives are an important factor to encourage these projects.” Google is setting a trend for the rest of the tech industry to follow. Apple, Adobe, HP and others have reportedly begun to institute similar policies.
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