22 Apr '11, 10pm

Google to buy 100.8 megawatts of Oklahoma wind energy

Google to buy 100.8 megawatts of Oklahoma wind energy

Google's Oklahoma wind farm will be built this year. Photo: Marcin Wichary It's getting a bit hard to keep up with all of Google's green investments these days -- $168 million put into a big solar power plant project one week; $100 million for the world's largest wind farm the next. But this week's big money move -- the third so far this month -- is different. It also involves wind but is a power purchase agreement (known as a PPA in the utility trade) rather than a direct investment in a specific project. The deal with wind developer NextEra Energy Resources was struck by Google Energy, a subsidiary of the search giant that has been licensed by the federal government to buy electricity on the wholesale market. Essentially, Google Energy acts as a quasi-utility, signing long-term contracts for electricity. In this case, it has committed to a 20-year contract to buy the ele...

Full article: http://www.grist.org/wind-power/2011-04-22-google-to-buy-...

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