Google helps invest $5billion into offshore wind project

 

Credits to Google

On Monday, Google announced on their official blog that they are investing into a transmission backbone that could potentially power 1.9 million households.

Google will partner with a New York financial firm to invest an estimated $5 billion into the project. The Atlantic Wind Connection (AWC) backbone will stretch from New Jersey to Virginia – a whole 350 miles and connect 6,000MW of offshore wind turbines, equating to 60% of the wind energy installed throughout the whole of the US last year.

The AWC backbone is to be situated in the Mid-Atlantic which could potentially create 60,000 MW of power because of the shallow waters. The shallow water extend miles out to sea which Google say “make it easier to install turbines 10-15 miles offshore, meaning wind projects can take advantage of stronger winds and are virtually out-of-sight from land.”

For those wondering why they chose offshore wind in the Mid-Atlantic, they later said “Many coastal areas in the United States have large population centers on an overstretched grid but limited access to a high-quality land-based wind resource. These coastal states can take advantage of their most promising renewable resource by using larger wind farms with larger turbines that can take advantage of stronger and steadier winds offshore.”

Google is investing 37.5% of the equity in the initial development stage in order to gain the needed approval to start construction. The construction is thought to start in 2013 and be finished by 2021.

In May, Google announced that they had invested $38.8 million into two American wind farms which are able to churn out 169.5 MW of power - enough to power 55,000 homes. The company have also stated that they are aiming to be a carbon neutral corporation.

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19 Comments

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What a waste of money. They should be investing in new renewables that are able to constantly produce power. You could power your entire house with tap water if you have a machine to convert it into hydrogen (and oxygen).

Meph said,
What a waste of money. They should be investing in new renewables that are able to constantly produce power. You could power your entire house with tap water if you have a machine to convert it into hydrogen (and oxygen).

it is obvious that you know nothing of the Atlantic current.

Blaze said,
To power their servers holding all our private information

It's not really private if you willingly provide it to third parties.

Shiranui said,
Good for Google.

How about another 5 billion for nuclear fusion research.

We already have thorium, which is being completely ignored for non apparent reasons.

Nice they're investing. We need it and I think it'll pay off. They're also trying not to sound like the "bad guys", which deep down I think they aren't.

Alternative powers/fuels are going to be BIG business in 10-15 years, makes sense they would invest in this stuff now...

Elessar said,
Alternative powers/fuels are going to be BIG business in 10-15 years, makes sense they would invest in this stuff now...

I agree, I just don't see how it relates to Google's business model. Are they just trying to offset their current carbon footprint by providing "clean" energy?

sask said,

I agree, I just don't see how it relates to Google's business model. Are they just trying to offset their current carbon footprint by providing "clean" energy?


From the summary above:

"The company have also stated that they are aiming to be a carbon neutral corporation."

sask said,

I agree, I just don't see how it relates to Google's business model. Are they just trying to offset their current carbon footprint by providing "clean" energy?

Better than those fraudulent "carbon credits".

Quick Shot said,
I wonder why they're doing this....

Not necessarily in any order of importance...

1) The current gov doesn't like Google -- wants to initiate the same sorts of suits brought against Microsoft. In that respect & others it's good PR.

2) Money's cheap right now with interest rates so low -- almost any investment is better for them than just letting funds sit in the bank.

3) The US is offering all sorts of tax credits for this sort of thing.

4) Compared to wind farms, that *currently* are hugely subsidized because otherwise they're unprofitable, investing in the backbone may be safer ROI.

5) There may be side deals involved &/or this may be prerequisite to some other deal.

6) They've got money to burn, & outside their areas of expertise, they're not always the brightest kids on the block.