[ exact phrase in "" • ~10 sec • results by date ]

[ Google-powered • results by relevance ]


News Home

Subscribe to RSS feed

Add NWW headlines to your site (click here)

Sign up for daily updates

Keep Wind Watch online and independent!

Donate $10

Donate $5

Selected Documents

All Documents

Research Links


Press Releases


Publications & Products

Photos & Graphics


Allied Groups

Citi, Google to invest $110 million in wind energy project  

Credit:  Reporting by Vaishnavi Bala in Bangalore; Editing by Roshni Menon, Reuters, www.reuters.com 24 May 2011 ~~

Google Inc and Citigroup Inc will each invest $55 million in Terra-Gen Power’s 102 megawatt Alta IV project in California, the companies said.

Renewable energy developer Terra-Gen Power is constructing the 1,550 MW Alta Wind Energy Center(AWEC) project in several phases, five of which have been completed.

Google and Citi will purchase the project and lease it back to Terra-Gen, who will manage and operate it under a long-term agreement, Google said in a statement.

Terra-Gen in an affiliate of ArcLight Capital Partners and Global Infrastructure Partners.

The project is slated to be one of the largest sites in the United States for wind energy generation – enough to power 450,000 homes.

With this deal, Google would have invested more than $400 million in the clean energy sector. As part of plans to reduce its carbon footprint, Google has been buying renewable electricity to power its data centers.

Last year, Google’s energy unit, Google Energy, signed a deal to buy wind power from NextEra for 20 years.

Source:  Reporting by Vaishnavi Bala in Bangalore; Editing by Roshni Menon, Reuters, www.reuters.com 24 May 2011

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

Wind Watch relies entirely
on User Funding
Donate $5 PayPal Donate


News Watch Home

Get the Facts Follow Wind Watch on Twitter

Wind Watch on Facebook


© National Wind Watch, Inc.
Use of copyrighted material adheres to Fair Use.
"Wind Watch" is a registered trademark.

Wind Watch on Facebook

Follow Wind Watch on Twitter