Google and Citibank each throw $55M to the wind

Advertisement
By Associated Press | Updated: 15 June 2012 14:56 IST
Highlights
  • Google and Citigroup.are financing the Alta Wind Energy Center wind farm in California's Tehachapi Mountains.
Google Inc. is throwing another $55 million to the wind.

The Mountain View, Calif.-based Internet search giant is partnering with Citigroup Inc. to help finance the Alta Wind Energy Center wind farm in California's Tehachapi Mountains. Google has been investing hundreds of millions in wind energy as it seeks reliable new ways to power its massive server farms, or data centers, which are notorious power hogs. The clusters of computers power Google's growing array of online services ranging from Internet searches to e-mail. The simple act of typing in a Google search taps into those computing resources -- and the grid that supplies energy to those machines.

A year ago, Google made its first direct investment in clean energy, buying a $38.8 million stake in two North Dakota wind farms. It stepped up its investment last fall when it joined a handful of companies investing in a proposed $5 billion network of underwater transmission lines, known as the Atlantic Wind Connection, that could bring power from future offshore wind farms to customers along the East Coast. Last month Google bought wind-generated electricity to help power a data center that's to open in northeastern Oklahoma, and invested $100 million to fund the Shepherds Flat Wind Farm in Oregon.

Google has also invested in solar energy. The latest financing of the Alta farm brings Google's total clean energy investments to more than $400 million.

The Alta Wind project, which is being built in phases, will generate 1.5 gigawatts of electricity or enough to power 450,000 homes through Southern California Edison, Google and Citi said in a joint statement Tuesday. Google and Citi are together buying the fourth phase of the project for a combined $110 million, and will lease it back to developer Terra-Gen to operate over a long-term contract.

Segments are already generating 720 megawatts of energy and another 300 megawatts will go online by the end of the year. When completed, Alta Wind is expected to increase wind industry jobs in California by 20 percent, including more than 3,000 domestic manufacturing, construction, operation and maintenance jobs.

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.

Advertisement
Popular Mobile Brands
  1. These Samsung Phones Will Get Price Drops Ahead of Festive Season
  2. OTT Releases This Week: The Bads of Bollywood, Article 370, and More
  3. Samsung Galaxy S24 Ultra Deal Revealed Ahead of Amazon GIF Sale
  4. Amazon Sale 2025: Check Top Deals on These iQOO Smartphones
  5. Amazon Great Indian Festival Sale 2025: Check Early Deals on Tablets
  6. DJI Mini 5 Pro With 1-Inch Camera Sensor Launched at This Price
  7. iQOO 15 Design Leak Reveals Colour-Changing Panel: See Benchmark Scores
  8. Xiaomi Announces Offers on These Products Ahead of Amazon, Flipkart Sales
  9. Nothing Ear 3 With 'Super Mic' Feature, Up to 45dB ANC Launched: See Price
  10. These Companies Fired Over 10K Employees Between July and September 2025
  1. iPhone 17 Series, iPhone Air, Apple Watch Series 11, AirPods Pro (3rd Generation) and More Go on Sale in India: See Price
  2. Astronomers Reveal Sudden Explosion of Small Asteroid Over France
  3. Rare ‘Crescent Sunrise’ Solar Eclipse to Grace Skies Over Antarctica and New Zealand
  4. Sun Shows Signs of Rising Activity Following Decades of Weakening, Study Finds
  5. IMAP Space Weather Mission to Lift Off Soon, NASA Confirms Broadcast Plans
  6. Microsoft's Xbox Full-Screen Experience Leaks on Other Windows Handhelds Ahead of ROG Xbox Ally Debut
  7. Cellecor Comet CBS-05 Pro Bluetooth Speaker Launched in India: Price, Features
  8. Samsung Galaxy S24 Ultra, Galaxy S24 FE, Galaxy A55 5G and More to Go on Sale With Discounts During Festive Season
  9. Coinbase Urges US DOJ Action as SEC Mulls Dropping Lawsuit Against Crypto Exchange
  10. Vivo V60 Lite 4G Design, Specifications Leaked; Tipped to Launch With Snapdragon 685 SoC, 6,500mAh Battery
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2025. All rights reserved.