28 Apr '11, 12pm

Google’s Clean Energy Projects (7 Big Ones)

Google’s Clean Energy Projects (7 Big Ones)

We just completed a substantial 20-year green Power Purchase Agreement that allows us to take responsibility for our footprint and foster true growth in the renewable energy sector. On July 30 we will begin purchasing the clean energy from 114 megawatts of wind generation at the NextEra Energy Resources Story County II facility in Iowa at a predetermined rate for 20 years. Incorporating such a large amount of wind power into our portfolio is tricky (read more about how the deal is structured ), but this power is enough to supply several data centers. By contracting to purchase so much energy for so long, we’re giving the developer of the wind farm financial certainty to build additional clean energy projects. The inability of renewable energy developers to obtain financing has been a significant inhibitor to the expansion of renewable energy. We’ve been excited about this ...

Full article: http://cleantechnica.com/2011/04/28/google-clean-energy-p...

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