Google Invests In Clean Energy Future – Google for Wind Power harnessing
Google search: Google invests in wind energy
- $55 million stake in a 102 megawatt wind power project in California.
– Power purchase agreement with a 114 megawatt wind farm in Iowa
– $100 million investment in the Shepherds Flat Wind Farm in Oregon
– $38.8 million stake in two wind farms in North Dakota.
– Investment in the USA’s Atlantic Wind Connection (AWC) backbone
more – add date – November 2012:
Search results: – $75 million investment in the 50 MW wind farm in Iowa…
As published at Google’s web page, Google has invested another $75 million in wind energy. The latest green investment was into an already operational 50 MW wind farm in Rippey, Iowa. The Rippey project consists of 20 Nordex 2.5 megawatt turbines and has the capacity to generate enough green energy to power 15.000 homes. The energy produced by the wind farm won’t be used directly for Google’s nearby data center but has been contracted to Central Iowa Power Cooperative (CIPCO). The high electricity demand of Google’s massive data centers is one of the reasons the company backs energy projects that cause less pollution than traditional power plants. With the latest total of $990 million invested in clean energy all around the world Google almost reached their goal of $1 billion engaged in green energy.
more – add date – October 2010:
Search results: – Investment in the USA’s Atlantic Wind Connection (AWC) backbone…
With a 37,5% equity stake Google sponsored the Atlantic Wind Connection (AWC) backbone in its early stage of development. It is a project designed to build an undersea transmission cable stretching about 350 miles along the coast to connect future off-shore wind farms that should be built in the shallow waters of Atlantic Ocean. This region has an offshore wind resource that could generate more than 60.000 MW of wind electricity enough to power 1,9 million households. Unfortunately, offshore wind is very expensive, more than any other green energy like solar photovoltaic energy or onshore wind. But, as Rick Needham, green business operations director at Google, says this project “offers a solid financial return while helping to accelerate offshore wind development.”
more – add date range – May 2011 to June 2011:
Search results: – $55 million stake in a 102 MW wind power project in the Mojave, California…
Google has invested total of $157 million in two projects totaling 270 MW at the Alta Wind Energy Center (AWEC) located in Tehachapi Mountains, California. The wind farm is being developed by Terra-Gen Power in cooperation with partners that included financial services giants Citibank, Barclays Capital, Credit Suisse and internet giant Google. As Google stated this investment used a leveraged lease—a financial structure new to wind but one which provides advantages to both developers and investors. After many delays, the first phase began construction in 2010 and in 2012 became the largest wind farm in the United States with an installed capacity of 1.020 MW. And still are two more projects under construction with additional capacity of 300 MW bringing it to a total of 1.320 MW of green electricity. As announced at Terra-Gen Power web-page, the project will “reduce carbon dioxide emissions by more than 52 million metric tons, which is equivalent to taking 446. 000 cars off the road”.
“The project will also use some of the first transmission lines being developed specifically to transport renewable energy from remote, resource-rich areas to major population centers. AWEC alone will boost California’s wind energy production by 30% and help the state meet its ambitious renewable energy mandate of 33% clean power generation by 2020.” says Google at their web-page.
more – add date – April 2011:
Search results: – $100 million investment in the Shepherds Flat Wind Farm in Oregon…
As published at Google’s web page, Google has invested $100 million into Shepherd’s Flat wind farm. An affiliate built and owned by Caithness Energy is located in Arlington, Oregon and from September 2012 it is operational. As stated at Caithness web page, the capacity of this wind power generation facility is up to 909 MW which makes it one of the world’s largest on-shore wind farms. It is estimated that each year it will produce 2 billion kWh of wind energy. This amount is enough to supply 235.000 homes with green energy and to eliminate 1.483 million metric tons of CO2 annually. The electricity produced at Shepherds Flat will be sold under 20-year power purchuase agreements to Southern California Edison.
more – add date – May 2010:
Search results: – $38.8 million stake in two wind farms in North Dakota…
The projects Ashtabula 2 and Wilton Wind 2, both built by NextEra Energy Resources in North dakota were the first Google’s investment in a utility-scale renewable energy. The wind turbines, made by General Electric Co., generate total of 169,5 MW of power (120 MW capacity of Ashtabula 2 and 49,5 MW of Wilton Wind 2), enough to serve more than 55.000 homes.
“We were excited to make this investment because it marked both the first production tax credit (PTC) deal done since the financial crisis of 2008 and also the first entry of a non-energy corporate investor into tax equity financing—a form of financing that was tightly constrained since 2008 and was thereby preventing good projects from getting built.” says Google at their web-page.