Google Inc. (NYSE: GOOG) made an approximately $200 million equity investment in the 161 MW Spinning Spur Wind Project in Texas. Spinning Spur is owned and built by EDF Renewable Energy, a subsidiary of EDF Energies Nouvelles.
Construction of the Spinning Spur wind energy project began in February and achieved commercial operation in late December. The Spinning Spur project consists of 70 Siemens (NYSE: SI) 2.3 MW turbines and the power is being sold to Southwestern Public Service Co., a subsidiary of Xcel Energy (NYSE: XEL) that primarily serves Texas and New Mexico, under a 20-year power purchase agreement.
Spinning Spur joins 10 other renewable energy investments Google has made since 2010, which together can produce 2 GW of power.
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