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Google Invests In Several Wind Turbines

Google has just sealed a deal that will help bring clean, renewable energy to almost 2 million households

Offshore Wind Turbines

Offshore Wind Turbines

The company is investing in the Atlantic Wind Connection (AWC), a plan to erect a 350-mile stretch of wind turbines 10 to 15 miles off the United States’ Atlantic coastline, where waters are relatively shallow. The AWC “backbone” will take advantage of strong, steady winds at sea and deliver energy via underwater cables.

If successful, the AWC will be the first operating offshore wind collection project in the U.S.

Calling the AWC “a superhighway for clean energy,” Google’s Green Business Operations Director Rick Needham wrote on the company blog, “As those in the Northeast remember from the 2003 blackout, transmission is severely overstretched on the East Coast. The AWC project relieves grid congestion in one of two National Interest Electric Transmission Corridors which were deemed to have significant network congestion and need speedy creation of transmission capacity.”

The AWC is estimated by outside sources to be a $5 billion project, and Google has invested 37.5% of the equity for the AWC’s initial development stage, “with the goal of obtaining all the necessary approvals to finance and begin constructing the line,” Needham wrote. New York-based cleantech investment firm Good Energies also invested 37.5% of the equity.

Google Energy, subsidiary of the search engine behemoth Google, Inc., formally announced last Monday that it will invest in an offshore wind collecting project with Atlantic Wind Connection in order to answer the energy needs of about two million households. The off shore wind turbines will generate 6,000 megawatts of electric power distributed via a 350 mile connecting line from New Jersey to Virginia. Google will take in 37.5 percent of the project investment making it a big shareholder in the stake.

This is not the first time that Google had been interested in investing in wind power. Just this year in May, it made its first investment on renewable-energy projects in North Dakota with the company NextEra Energy Resources, a company that deals with alternative energy resources. Google invested about $38.8 million for two wind farms which is about twenty percent of the share of the project. The farms were said to generate 169.5 megawatts enough to power the energy needs for fifty-five thousand homes. Then in July, Google made a commitment to buy wind energy totaling 114 megawatts from an Iowa wind farm in the span of twenty years.

The AWC project has been their biggest project to date. In its commitment to reduce the use of fossil fuels in the US as a means to generate electric power, Google has intensified its investments on wind power. The company is known for being philanthropic when it comes to environmental issues. In 2004, the company created Google.org, a non-profit organization, dedicated to creating social awareness about the problem of climate change in connection with the use of fossil fuels.

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Posted by on Oct 24 2010. Filed under Environment, Top Stories. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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