Google to invest in grid for offshore wind

Google Inc. has thrown its financial clout behind a proposed 350-mile underwater electric cable off the U.S. East Coast that could form the backbone of a grid carrying power from future offshore wind turbines.  Japan's Marubeni Corp and New York investment firm Good Energies are joining in financing the project, which will be led by transmission-line developer Trans-Elect. The cable will help developers of offshore wind projects to surmount a major cost challenge -- connecting their turbines back to the grid in a way that allows them to sell to multiple customers. Google announced the move, which it called an investment in "a superhighway for clean energy" on its corporate blog.  Google, an often-quirky company, said in late 2007 that it would begin to invest in companies and fund research into producing affordable renewable energy. It has also invested in onshore wind and solar energy. The Internet search giant did not disclose the anticipated cost of the cable, which would run from Virginia to New Jersey, but The New York Times reported it as about $5 billion. Source: MSNBC

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

OMCO OriginĀ® Factory-Direct Trackers

OMCO Origin® Factory-Direct Trackers

A One-In-Portrait (1P) solution that support a wide range of solar projects (utility scale, distributed generation (DG), & C&I markets). Manufactured and factory preassembled in the USA at one of OMCO Solar's 5 US plants (AZ, IN, AL, OH), OMCO makes all structural components with domestic steel and now can offer a 100% domestic tracker. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.