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. ...
