Google puts another $200 million into wind energy

Summary:The latest round of funding focused on a Texas farm puts the Internet giant's investment in renewable energy projects at more than $1 billion.

Google has made an equity investment of $200 million in a 161-megawatt Texas wind farm that will produce enough electricity to power approximately 60,000 homes.

The Spinning Spur development is located in Oldham County, a windy section of the Panhandle region about 35 miles outside Amarillo.

Why another wind investment? The company said on its blog:

"We look for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments: they offer attractive returns relative to the risks and allow us to invest in a broad range of assets."

This latest round of funding should put the total amount that the Internet giant has put toward clean energy to more than $1 billion . Since 2010 alone, the company has backed 10 different renewable generation projects representing 2 gigawatts of capacity. 

For more statistics related to Google's clean energy strategy, see the infographic below:

GoogleInfographic

 

Topics: Emerging Tech

About

Heather Clancy is an award-winning business journalist specializing in transformative technology and innovation. Her articles have appeared in Entrepreneur, Fortune Small Business, The International Herald Tribune and The New York Times. In a past corporate life, Heather was editor of Computer Reseller News. She started her journalism lif... Full Bio

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