Google invests $75MM in Panhandle 2 wind power farm

Google finalizes agreement to invest $75 million in Pattern Energy’s Panhandle 2 wind power project in Texas. (Pictured: The future site of the Panhandle 2 wind farm in Carson County, Texas.)

Google (NYSE: GOOG) has announced on its official blog finalization of an agreement to invest $75 million in the new Panhandle 2 wind power project in Carson County, Texas. The new wind farm is a joint venture between Pattern Energy and an affiliate of Morgan Stanley with shared development and financing responsibilities.

The 182-megawatt (MW) project is being built as part of the 400 MW Panhandle Wind development. The new facility will consist of 79 2.3 MW Siemens turbines and is slated to begin commercial operations by the end of 2014.

Panhandle 2 is Google’s second renewable energy investment in Texas and the company’s 15th overall. Last year Google announced an approximately $200 million equity investment in the Spinning Spur wind farm located in Oldham County, Texas. Constructed and operated by EDF Renewable Energy the 161 MW Spinning Spur wind farm began operations in late 2012.

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