Google Invests Millions In Wind Power

Following a series of generous investments in  solar thermal and wind power, Google has announced another investment of $55 million in wind power for the 1,550MW Alta Wind Energy Center (AWEC) project, thereby bringing the web giant’s clean energy investments to about $400 million.

Google explains:

The Mojave Desert might be best known for its scorching sun and scary sidewinders, but the wind blows hard where the Mojave sands meet the Tehachapi Mountains in southern California, making it a great spot for wind turbines. It’s the site of the Alta Wind Energy Center (AWEC), which will generate 1,550 megawatts (MW) of energy when complete, making it one of the largest sites in the country for wind energy generation—enough to power 450,000 homes. Renewable energy developer Terra-Gen Power is constructing the site in several phases and we’ll provide $55 million to finance the 102 MW Alta IV project. Citibank, which has underwritten the equity for Alta Projects II-V, is also investing in this project.

…The first five Alta projects are already operational, delivering 720 MW of energy to Southern California Edison, which will receive all 1,550 MW when completed, under a power purchase agreement signed with Terra-Gen in 2006. While Google won’t be purchasing the electricity from this project, AWEC will help California meet its ambitious renewable portfolio standard of 33 percent clean power by 2020. The whole site will boost California’s wind generation by 30 percent.

Google: “Investing in the Alta Wind Energy Center”