Google has tacked on $102 million to fund the Alta Wind Energy Center wind energy project in the Mojave Desert. Google has pumped $780 million into clean energy this year.
the growing value of wind power as a clean energy source, Google (NASDAQ:GOOG)
upped its investment in the Alta Wind Energy Center by $102 million, bringing
its funding for the project to $157 million.
power investments now top $780 million, with $700 million of that funding
coming in 2011 alone. That is easily the most plunked down in the sector by any
engine in May put
$55 million into AWEC's 101-megawatt Alta IV project. The new investment will
finance the 168MW Alta V project. AWEC lies in Tehachapi, Calif., in the vast
matching Google's $102 million investment in Alta V, just as it shadowed
Google's $55 million infusion in Alta IV.
When AWEC is
complete, it should create 1,550MW of energy, or enough to juice 450,000 homes.
particularly excited about AWEC because it will be one of the largest wind
energy centers in the world, with over 1GW [1 gigawatt] of production scheduled
to be online by the end of the year and 1,550MW when fully completed," said
Rick Needham, Google's director of green business operations.
produced at AWEC will be sold to Southern California Edison under a power
purchase agreement signed with developer Terra-Gen Power. Neither Google nor
Cit will purchase any of the energy produced at Alta V.
Citibank will own Alta V and lease it back to Terra-Gen, which will manage and
operate both projects.
massive consumer of energy to power the thousands of computers that fuel its
search and Web services, is a big believer in the clean energy movement.
Google June 14
$280 million in a project to power more homes with solar energy; this is Google's biggest,
single clean-power capital infusion to date.
gained the right to buy and sell power on regulated wholesale markets from the
Federal Energy Regulatory Commission in February 2010, buying
100.8 megawatts of wind energy to power its new data center in Oklahoma in
year also invested $100 million in the Shepherds Flat Wind Farm, and put up
$168 million for a solar energy power plant BrightSource Energy is building in
California's Mojave Desert. GigaOm
has a more detailed list of
Google's power spending.