- Category: Business
11 Jan 2013
- Published on Friday, 11 January 2013 08:57
- Hits (1329)
Google’s renewable energy portfolio continues to expand with the computing giant announcing the closure of an equity investment of $200 million in a wind farm in west Texas.
The 161-megawatt Spinning Spur Wind Project in Oldham County was built by renewable energy developer EDF Renewable Energy, which will remain an owner and manager of the project.
The facility began operations on December 20 and has been supplying electricity to the regional transmission grid under the terms of a 15-year power purchase agreement with Southwestern Public Service Company.
According to a statement on Google’s blog, the company closed the deal in late December, with Spinning Spur as the 10th renewable energy investments they have made since 2010 (see related story).
Just two days before the announcement of the Spinning Spur investment, another of Google’s renewable energy investments came to completion, with its last of four solar photovoltaic projects from Recurrent Energy reached commercial operation in Sacramento County, California.
In December 2011, Google had invested $94 million in Recurrent Energy for a portfolio of four solar P.V. projects (see related story).
The 38-megawatt project that came online on January 8 is the final project in the portfolio, with the three other projects came online in early 2012. The total power generation of the portfolio is 88 megawatts with the energy produced contracted for 20 years with the Sacramento Municipal Utility District.
Including the Spinning Spur wind farms and Recurrent Energy solar projects, Google has committed over $1 billion to large-scale wind and solar projects to date. The projects that Google has invested in have a total capacity to generate up to 2 gigawatts of clean energy. – K.R. Jalbuena