Google puts another $200 million into wind energy

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.

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TOPICS: Emerging Tech
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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

 

Topic: Emerging Tech

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  • Not just out for Number one

    It is good to see that Google spends it's money on something insteads of pocketing the money. Does anyone know what Apple does with it's money beside updating it's current non-computer products? Microsoft at least throws money at the xbox, OS servers and other things that people just do not bite into.
    lares3k
  • Would like to see the electrical power stated in terms of Immigrant Units

    Let's figure out how much electricity will be used by the average immigrant to the United States per year and call that an Immigrant Electrical Unit (IEU) and then talk about new electrical generation in IEUs. That way we won't get confused about wind energy necessarily reducing how much we currently burn in fossil fuels and we can constantly be looking to see if our yearly required IEUs are higher than our new IEUs from wind energy.
    tshocker