Google Invests in 161 Megawatt Texas Wind Project
From Green Energy News
Google Inc. and renewable energy developer EDF Renewable Energy have announced that Google has made an approximately $200 million equity investment in the Spinning Spur Wind Project, a 161 megawatt facility located in Oldham County, Texas. The project was built by EDF Renewable Energy, a subsidiary of EDF Energies Nouvelles, who remains an owner and manager in the project, bringing its operational and management expertise in over 50 other renewable energy projects to the partnership.
“We’re proud to be part of a project that provides the Lone Star state with a new source of low-cost, renewable energy and supports the state’s thriving wind industry,” said Kojo Ako-Asare, Senior Manager, Google Corporate Finance. “This investment reflects Google’s ongoing commitment to clean energy and our belief that corporations can be an important new source of capital for this sector.”
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