By Micah Maidenberg

Google said it plans on investing about $150 million in renewable energy projects in communities where its products are manufactured.

The company said it hopes its planned investments will generate around $1.5 billion in capital for renewable energy in production regions, Anna Meegan, head of sustainability for the Google consumer hardware business, said in a blog post published Tuesday.

All Google Nest products launching this year are being built with recycled plastics and shipping of those products is now carbon neutral, Ms. Meegan added.

Shares of Google parent Alphabet Inc. (GOOGL) rose 1.6% in late-morning trading.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

October 15, 2019 11:55 ET (15:55 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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