Global renewable generation capacity swelled by 167GW previous year to reach 2,179GW, powered by a 32% explosion in the PV build-out and a 10% growth of the wind power fleet, according to the latest data from the International Renewable Energy Agency (Irena).
Google has met the goal of matching all of its global energy usages with purchases of renewable energy. "Especially the nearly two billion without reliable electricity access thereby lighting the world and building value for the KWHCoin token as we build a global network of distributed energy resources all connected on our blockchain and accessible through our application that is in development", said Newkirk.
This power is largely derived from wind farms, such as the 536 megawatts it recently purchased across three Midwest American states, although it does have some solar capacity.
On the other hand, renewable energy contributes only for 7.7% of total power generated as Coal still remains the main source of electricity in the country.
Facebook's Zuckerberg to testify before US House panel April 11
The company has seen its business practices heavily scrutinised in the wake of the Cambridge Analytica data privacy scandal. It was quickly discovered that Facebook collected call records and SMS data from Android device users for years.
The Plan addresses how the IPA will implement a variety of programs and procurements to meet its obligations to purchase Renewable Energy Credits (RECs), such as the Illinois Solar for All Program, created to provide a solar market for low-income households and communities.
"With KWHCoin our token holders can be proud that they are helping light the world and impact investing in an environmentally responsible project that is also delivering the value of global renewable energy services and is laying the infrastructure for the internet of energy projected to be a $150 billion industry by 2020", said KWHCoin CEO Girard Newkirk.
Of course, Google isn't completely powered by solar and wind.
Energy Minister Jeff Radebe has signed the latest round of agreements with 27 independent power producers (IPPs) after more than two years of delays. It will take a combination of technology, policy and new deal structures to get there, but we're excited for the challenge.