Google's First Investment in Wind

Energy is the buzz word now all round the world. Development, GDP, per captia income, whatever economic index you speak of, they all are dependent on energy. The world  is now dependent on fossil fuels for most of the Energy needs. Climate Change triggered by burning fossil fuels is one of the most burning issue now a days. We all are seeing the most widely fluctuating temperatures now a days. Renewable energy sources are generally pegged as alternatives to fossil fuels. Solar power is one of the promising solutions - but still research is on to fully tap it's potential . Of all Wind power ( it works-pass it on campaign and a video on Danish Family installing wind power) is the cheapest and stable solution as of now . Now Google has done it's part for renewable energy by investing in Wind power. There may be business implications but it is definitely a welcoming move by the Search engine Giant. 

In a recent blog post Posted by Rick Needham, Green Business Operations Manager of Google, it was declared that Google made first direct investment in a utility-scale renewable energy project — two wind farms that generate 169.5 megawatts of power, enough to power more than 55,000 homes. These wind farms, developed by NextEra Energy Resources, harness power from one of the world’s richest wind resources in the North Dakota plains and use existing transmission capacity to deliver clean energy to the region, reducing the use of fossil fuels.  

In the blog post it adds - "To reach a clean energy future, we need three things: effective policy, innovative technology and smart capital. Through our philanthropic arm Google.org, we’ve been pushing for energy policies that strengthen the innovation pipeline, and we’ve been dedicating resources to developing new technologies, including making investments in early-stage renewable energy companies such as eSolar and AltaRock. Smart capital includes not only these early-stage company investments, but also dedicated funding for utility-scale projects. To tackle this need, we’ve been looking at investments in renewable energy projects, like the one we just signed, that can accelerate the deployment of the latest clean energy technology while providing attractive returns to Google and more capital for developers to build additional projects."

Google adds that this project uses some of the latest wind turbine technology and control systems to provide one of the lowest-cost sources of renewable energy to the local grid. The turbines can continuously adjust the individual blade pitch angles to achieve optimal efficiency and use larger blades with 15 percent more swept area than earlier generations, allowing capture of even more wind energy for each turbine. The control systems for these wind farms are also advanced and dynamic, allowing for remote 24/7 monitoring and operation to ensure maximum turbine up-time and power production.

Google seems to be in hunt for more of such opportunities as the outcome will greatly help it in tiding over it's own energy needs and developing more funds for future capital investment in renewable innovative technologies. Microsoft the Google's rival may soon also come up with some investment in renewable energy (some one listening) ??