Search engine gorilla Google, already known for the green energy projects it has around its corporate campus, is putting a bit of its considerable cash base directly into a utility-scale renewable energy project for the first time. It is sinking $38.8 million into two wind farms in the North Dakota plains run by NextEra Energy Resources.
Google said it made this direct investment on Friday, putting this towards the development of the two wind farms that generate 169.5 megawatts of power, enough to power more than 55,000 homes. In getting all geeky about it, Google said it was excited about making this renewable energy investment and that it even sent some of its employees out to check it out first hand. They got to “climb 80 meters up one of the 113 turbines to see…how the rotating blade motion goes through a gearbox to turn the generator that makes the electricity.”
Google said it has made investments of late in early stage renewable energy companies as well. All of these investments are done with the notion that they “can accelerate the deployment of the latest clean energy technology while providing attractive returns to Google and more capital for developers to build additional projects.”