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    GOOGL   US02079K3059

ALPHABET INC.

(GOOGL)
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Oersted Secures 12-Year Power Purchase Contract With Google

11/30/2021 | 11:25am EST

By Sabela Ojea

Oersted AS said Tuesday that it has signed a 12-year corporate power-purchase contract with Alphabet Inc.'s Google.

The Danish multinational power company said that Google will offtake 50 megawatts of Oersted's planned 900 megawatts Borkum Riffgrund 3 offshore-wind farm, located in the German North Sea.

"The CPPA with Google will contribute to providing revenue certainty for Oersted and help mature Borkum Riffgrund 3 towards a final investment decision, which is expected by the end of 2021," the company said.

The deal will also contribute to Google's commitment to operate all of its data centers, cloud regions and campuses with carbon-free energy by 2030, Oersted noted.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

11-30-21 1125ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.65% 2702.33 Delayed Quote.-6.11%
ORSTED A/S 0.69% 734 Delayed Quote.-12.72%
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Analyst Recommendations on ALPHABET INC.
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Financials (USD)
Sales 2021 254 B - -
Net income 2021 73 196 M - -
Net cash 2021 137 B - -
P/E ratio 2021 25,2x
Yield 2021 -
Capitalization 1 807 B 1 807 B -
EV / Sales 2021 6,57x
EV / Sales 2022 5,50x
Nbr of Employees 150 028
Free-Float 93,1%
Chart ALPHABET INC.
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Alphabet Inc. Technical Analysis Chart | GOOGL | US02079K3059 | MarketScreener
Technical analysis trends ALPHABET INC.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 48
Last Close Price 2 719,96 $
Average target price 3 383,15 $
Spread / Average Target 24,4%
EPS Revisions
Managers and Directors
Sundar Pichai Chief Executive Officer & Director
Ruth M. Porat Chief Financial Officer & Senior Vice President
John LeRoy Hennessy Chairman
John L Doerr Independent Director
Ann Mather Independent Director
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