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Thursday 10 January 2013

Google just invests $200 million in Texas wind farm

Google announced another big environmentally friendly energy deal on Wednesday, purchasing a $200 million stake inside a wind farm in gulf Texas. The 161 megawatt Spinning Spur Wind Project throughout Oldham County, Texas, generates enough energy to power greater than 60, 000 homes, the particular search giant said. Its 70 turbines are located in a particularly windy parts of Texas Panhandle and also began spinning full-time within the last few weeks of 2012.

"We search for projects like Spinning Inspire because, in addition to making more renewable energy and strengthening the local economy, they also make for smart investments, " Kojo Ako-Asare, Google's older manager of corporate money, said in a post.

Ako-Asare added that the wind farms offer "attractive returns in accordance with the risks. "
Google's massive data hosts rack up enormous power bills. Greenpeace, the environmental activist party, estimates that Google's eight current and planned server farming could consume 476 megawatts of electricity as long as they were operating at entire capacity. That's enough to power every one of the homes in San Diego. Google has said who's doesn't use nearly very much energy, because its servers will never be operating at full capacity.

Spinning Spur is the particular 10th green energy expenditure Google has made considering that 2010. It's the second priciest investment, behind only the $280 million stake throughout SolarCity, a solar techniques company. The company features five solar investments and also five wind investments.

In every, Google has invested greater than $1 billion in environmentally friendly energy.

The company said all 10 projects are equipped for generating a combined two gigawatts of power -- plenty of to power 500, 000 homes to get a year.

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