Google Invests $55 Million in the Alta Wind Energy Center

Google invested $55 million to the 102 MW Alta IV project. Citibank, which has underwritten the equity for Alta Projects II-V, is also investing in this project.Alta Wind Energy Center (AWEC), which'll generate 1,550 megawatts (MW) of energy when complete, making it one of the largest sites in the country for wind energy generation--enough to […]

Google invested $55 million to the 102 MW Alta IV project. Citibank, which has underwritten the equity for Alta Projects II-V, is also investing in this project.

Alta Wind Energy Center (AWEC), which'll generate 1,550 megawatts (MW) of energy when complete, making it one of the largest sites in the country for wind energy generation--enough to power 450,000 homes.

The Renewable energy developer Terra-Gen Power is constructing the site in several phases.

"The first five Alta projects are already operational, delivering 720 MW of energy to Southern California Edison, which'll receive all 1,550 MW when completed, under a power purchase agreement signed with Terra-Gen in 2006. While Google won't be purchasing the electricity from this project, AWEC will help California meet its ambitious renewable portfolio standard of 33 percent clean power by 2020. The whole site will boost California's wind generation by 30 percent," Google stated.

With this deal, Google's cumulative investemets in the clean energy sector now total around $400 million.

[Source: Google blog]