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Google invests in wind farm projects
By siliconindia
Bangalore: Google has made an entry in utility-scale renewable energy generation by a direct investment of $38.8 million to two North Dakota wind farm projects. The search giant said that both the projects together will provide 170MW of wind energy capacity.
The wind farms are expected to use cutting-edge turbine technologies, by using control systems that can constantly monitor output from each turbine and continuously adjust individual blade angles to improve efficiency and enable the use of blades that are 15 per cent larger than on standard turbines. NextEra - the top US wind power generator with 7.5GW - said it sold approximately $190m of Class B membership interests in the two wind farms, and Google's stake represents about 20 per cent of the Class B shares. Other investors were not disclosed.
Experts have speculated for several years that Google will ultimately invest directly in large-scale renewable energy projects.The company's datacenters are among the largest corporate consumers of electricity in the world and the firm has long maintained that it is in its interests to secure affordable supplies of renewable energy.
Rick Needham, Green Business Operations Manager at Google said, "Smart capital includes not only these early-stage company investments, but also dedicated funding for utility-scale projects. To tackle this need, we have been looking at investments in renewable energy projects, like the one we just signed, that can accelerate the deployment of the latest clean energy technology while providing attractive returns to Google and more capital for developers to build additional projects."
