Green Business: Google goes for more business
Google has just sealed a deal that will help bring clean and renewable energy to nearly 2 million households. The company is investing in the Atlantic Wind Connection (AWC), a plan to build a stretch of 350 miles of wind turbines from 10 to 15 miles of U.S. coastline of the Atlantic, where the waters are relatively shallow . The AWC “backbone” will take advantage of strong, steady winds at sea and deliver energy via submarine cables.
If successful, the AWC will be the first operating offshore wind collection project in the United States. Call the AWC “a highway for clean energy,” Green Business Operations Director, Rick Needham, Google wrote in his blog. The AWC project relieves congestion in one of two corridors of National Interest Electric Transmission is considered that significant network congestion and the need for rapid creation of transmission capacity. ”
The AWC project is estimated at U.S. $ 5000 million from external sources, and Google has invested 37.5% of capital for the initial development phase of the CTA, “in order to obtain all necessary approvals to finance and begin the construction of the line, “Needham continued. New York investment firm Good Energies clean technology also invested 37.5% of the capital.