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(Credit: Google)
Google has made a $200 million equity investment in a wind farm in West Texas that it says produces enough juice to power more than 60,000 homes in the U.S.
In a blog post today, the company says the 161 megawatt Spinning Spur Wind Project in Oldham County boasts 70 Siemens wind turbines of 2.3 megawatts each, which started operating on a full-time basis just before the end of the year.
Built by developer EDF Renewable Energy, the facility has contracted its output to SPS, a utility serving Texas and New Mexico.
Google said in the post, quote:
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. We're also proud to be the first investor in an EDF Renewable Energy project that is not a financial institution, as we believe that corporations can be an important new source of capital for the renewable energy sector.
Google says Spinning Spur joins 10 other renewable energy investmen... [Read more]
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