Google has made an equity investment of $200 million in a 161-megawatt Texas wind farm that will produce enough electricity to power approximately 60,000 homes.
The Spinning Spur development is located in Oldham County, a windy section of the Panhandle region about 35 miles outside Amarillo.
Why another wind investment? The company said on its blog:
"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."
This latest round of funding should put the total amount that the Internet giant has put toward clean energy to more than $1 billion. Since 2010 alone, the company has backed 10 different renewable generation projects representing 2 gigawatts of capacity.?
For more statistics related to Google's clean energy strategy, see the infographic below:
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Source: http://feedproxy.google.com/~r/zdnet/green/~3/EsaeBeFQnWo/
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