Google Stepping Into Wind Power
Google has joined with a financial firm in New York to invest $5 billion over the next decade in a deepwater transmission line project. The lines would span around 20 miles offshore from New Jersey to Virginia. The first step of the project will be to create 2,000 MW of wind energy which could supply power to around 500,000 homes.
Although Trans-Elect and Good Energies will have some ownership in the new project, Google will own more than one-third of the project. The initial phase will cost around $1.8 billion and will cover 150 miles of federal waters running between Delaware and New Jersey. The project is scheduled to be completed by 2016.
This latest project isn’t the first green investment for Google. The company has already invested over $38 million in two wind farms located in North Dakota. As the company’s dependence on data centers to index information on the internet keeps increasing, they have been developing ways of creating more renewable energy sources.
You can read the entire story at NYTimes.com