Call it Google Wind. Or maybe, Google Power. Google Utilities? Whatever you want to call Google’s latest investment, one thing’s for sure. You can’t fault the company for not being forward thinking. Google and Good Energy are ponying up the cash to buy 37.5 percent of a proposed $5 billion dollar Atlantic wind farm backbone. The backbone is a series of cables, transformers, and relays that will connect 6000 megawatts of wind turbines on the mid-Atlantic continental shelf.
“We believe in investing in projects that make good business sense and further the development of renewable energy,” Google said in its blog post announcing the investment. “We’re willing to take calculated risks on early stage ideas and projects that can have dramatic impacts while offering attractive returns. This willingness to be ahead of the industry and invest in large scale innovative projects is core to our success as a company.”
The wind farm network, dubbed the Atlantic Wind Connection, runs from New Jersey to Virginia. Combined, the various wind turbines can produce enough energy to power 1.9 million homes. This one line handles 60 percent of all wind energy produced in the United States, so it’s clear that this is serious business for Google. Now they just need to put solar panels on their turbines and start up a few biomass power plants, and they can officially launch Google Light And Power.
Tags: Google, investments, Google wind farm, Google invests in wind farm on East Coast, mid-Atlantic wind farm, Google Wind, Google Power, Atlantic Wind Connection, Google invests in Atlantic wind farm