Google has signed its first corporate Power Purchase Agreement (PPA) for a geothermal project in the APAC region.

The search giant inked a 10MW PPA with Baseload Capital in Taiwan. According to Google, the long-term PPA is aimed at catalyzing the geothermal market in the region and involves a direct equity investment in Baseload. The exact length of the PPA and size of the investment in Baseload were not disclosed.

“This long-term partnership with Baseload Capital, which includes an equity investment in the company, represents our latest step to accelerate the deployment of geothermal as a 24/7 clean energy technology across Asia Pacific and globally,” Google said in a statement.

Baseload is a Stockholm-headquartered energy investment agency that invests in and develops geothermal heat and power plants globally.

The company has been present in the Taiwanese market since 2019 through its subsidiary Baseload Power Taiwan.

The company broke ground on its first geothermal project in the city of Hualien, 200km (124.2 miles) from Taipei, in 2020, but the project remains in the drilling phase. When completed the project is expected to deliver 2MW of power. The company has four other projects “ongoing” according to its website. It also has a presence in Japan, where it launched its operations in 2018.

Taiwan has a burgeoning geothermal sector. Due to its location on the Pacific Ring of Fire, the country has a significant geothermal potential, with studies showing estimates ranging from between 30 to 60GW of potential power.

So far, the country has around 7MW of operational geothermal capacity across five projects. The government has a stated goal of 6GW of installed geothermal capacity by 2050 and aims to develop 20MW of cumulative geothermal capacity by 2025.

The agreement is the latest in a line for Google, which has been one of the biggest proponents of geothermal energy within the data center market.

Last June, Google signed a power supply deal with Nevada utility NV Energy to procure 115MW of renewable energy from a geothermal power plant operated by Fervo Energy. The “clean transition tariff” will see the energy directly supplied to Google data centers in the region.

The Google and Fervo project was originally announced in 2021 as a 5MW project that will use Google AI systems to help with its operations.

Several other data center companies have also signed power supply agreements tied to geothermal projects. Most notably, last August, Meta partnered with startup Sage Geosystems for up to 150MW of power. The project will be located “east of the Rocky Mountains” and is expected to be online and operating in 2027.