Google Provides $200 Million Financing for Wind Farm
Google has made a $200 million equity investment in the Spinning Spur Wind Project, a 161 MW 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.
The partnership reflects a departure from sourcing investment capital from traditional financial institutions for renewable energy projects.
Construction of the Spinning Spur wind energy project commenced in February 2012 and began commercial operation in late December.
The Spinning Spur project consists of 70 Siemens 2.3 MW turbines. The facility has the capacity to generate enough clean energy to power approximately 60,000 average US homes, and the energy it produces has been contracted to SPS, a utility that primarily serves Texas and New Mexico.
Spinning Spur joins 10 other renewable energy investments Google has made since 2010, which together can produce 2 GW of power.
EDF Renewable Energy specializes in wind and solar photovoltaic with presence in other segments of the renewable energy market: biogas, biomass, hydro, marine energy and storage solutions. The company develops, constructs, operates and manages renewable energy projects throughout the United States for its own accord as well as for third parties.
- Mobility from the Plant Floor to the Store Door: Improve Safety, Accuracy and Productivity
- 2015 Environmental Leader Product & Project Awards
- Smart Companies Utilize Integrated Energy Solutions
- Improve Your Company's Environment and Energy Performance
- 2015 Insider Knowledge
- Practical Insights into the Implementation of GHS Around the Globe
- Beyond Compliance: Applying a Risk Lens to Your EHS Practice
- Case Study: Dassault Falcon Jet Taps Intelligent LED Lighting Solutions
- A Roadmap for Effective Process Safety Management
- How "Fixed" is the Fixed Price Product?