Google provides $200m investment for 161MW Spinning Spur Wind Project in Texas, US
Global internet major Google has reached an agreement with EDF Renewable Energy to provide $200m investment for the 161MW Spinning Spur Wind Project in the US.
Located in Oldham County, Texas, the facility was constructed by EDF, which will continue to have control over its ownership and management.
Commenting on the investment, Google corporate finance senior manager Kojo Ako-Asare remarked that it exemplified the company's commitment to clean energy.
EDF vice president of project finance Jim Peters added, "The partnership between our companies reflects a departure from sourcing investment capital from traditional financial institutions for our renewable energy projects.
"This transaction provides an opportunity for a leading renewable energy developer to join forces with a leading technology company to create value for both our companies and our respective customers."
The farm employs 70 Siemens turbines, each with 2.3MW capacity, and is expected to generate enough clean energy to power 60,000 average American homes.
Electricity produced at the facility is purchased by electric utility SPS that primarily serves the states of Texas and New Mexico.