Google in for $102M at Mojave wind farm
Google is investing in $102M in a Mojave Desert wind farm.
Google Inc. is investing another $102 million into a wind energy center in the Mojave Desert, adding to an earlier $55 million investment.
Along with Mountain View-based Google (NASDAQ:GOOG), Citi is also adding $102 million on top of its earlier $55 million invesment.
The hot and blustery spot is perfect for the wind project, which is being developed by Terra-Gen Power, an affiliate of ArcLight Capital Partners and Global Infrastructure Partners in Tehachapi.
The center is expected to ultimately have a generating capacity of 1,550 megawatts when completed -- nearly double the capacity of the largest currently operating U.S. wind energy installation.
The companies will now hold leveraged leases for two phases, totaling 270 MW, of what will soon be the nation’s largest wind farm. Citi has also underwritten the equity financing for Alta Projects II-V, totaling 570 MW.
Earth2Tech reports that Google has now invested a total of $780 million in clean energy projects.
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