Saturday, January 12, 2013

Google invests in Texas wind project

Jan. 11, 2013

Dive Summary:

  • Google Inc. made a $200 million equity investment in the 161-MW Spinning Spur Wind Project in Texas.
  • Spinning Spur is owned and built by EDF Renewable Energy, a subsidiary of EDF Energies Nouvelles; Xcel Energy has purchased the power that will be generated under a 20-year power purchase agreement.
  • Construction of the project began in February of last year and began commercial operation in December and will be part 2 GW of power that Google's renewable investments produce.

From the article:

Construction of the Spinning Spur wind energy project began in February and achieved commercial operation in late December. The Spinning Spur project consists of 70 Siemens (NYSE: SI) 2.3 MW turbines and the power is being sold to Southwestern Public Service Co., a subsidiary of Xcel Energy (NYSE: XEL) that primarily serves Texas and New Mexico, under a 20-year power purchase agreement.

Spinning Spur joins 10 other renewable energy investments Google has made since 2010, which together can produce 2 GW of power. ...

Source: http://www.utilitydive.com/news/google-invests-in-texas-wind-project/88832/

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