Google Green continues to invest and promote Renewable Enegery projects. The newest investment involves the Mount Signal Solar project out in California. Having invested $103 million into the project, the developers of the solar farm, Solar Ridge Power, are very excited to see a technology company take interest in their efforts and are confident that it will lead to more companies investing in similar forms of renewable energy. Although the solar farm is not running just yet, all investors are very excited to see the project open next year as it is already under agreement for the San Diego Gas & Electronic Company to supply the energy generated, which will ultimately go out to thousands of homes in the area.
In addition to the Mount Signal Solar project, Google has also begun to invest in wind power. In September, just outside of Amarillo, Texas, Google bought 100% of a wind farm. Owners of the farm, Chermac Energy, which is a small Native American business started up in Oklahoma, are excited to see how Google’s investments will really help boost the influence of wind energy and feel that as a company they will seek the best, most widespread form of providing wind energy to residents.
In the near future Google hopes to continue making progress with the Ivanpah solar thermal power plant in California. Having invested $168 million in the development of the plant a few years ago, they hope to be more involved with it’s start-up as the plant has just began to run a of series of commission tests to see if the technology will sync and operate properly.
Google alone has invested over $1 billion dollars this year in renewable energy projects and showed no signs of slowing down. While some may question Googles intent, it may be a step in the right direction as Apple, Ikea, and Wal-Mart are following Google and beginning to invest in various renewable energy projects. As large businesses begin to get more involved, there will hopefully be many great changes on the horizon and renewable energy may eventually become as common, if not more common, than traditional fossil fuels.