Google has made an approximately $200 million equity investment in the Spinning Spur Wind Project, a 161 MW wind farm in Oldham County, Texas.
The project was built by EDF Energies Nouvelles subsidiary EDF Renewable Energy, which remains an owner and manager of the project.
‘The partnership between our companies reflects a departure from sourcing investment capital from traditional financial institutions for our renewable energy projects,’ notes Jim Peters, vice president of project finance at EDF Renewable Energy.
The Spinning Spur project consists of 70 Siemens 2.3 MW wind turbines. The project, which commenced commercial operation in December, has a power purchase agreement with SPS, a utility that primarily serves Texas and New Mexico.
The Spinning Spur project joins 10 other renewable energy investments Google has made since 2010 that represent a total of 2 GW of power.
