Google may be best known for the famous search engine, but as of April 30, 2010 the company made its first investment in renewable energy.
The company has invested $38.3 million in two NextEra wind farms located in North Dakota. The farms generate 169.5 megawatts of power, that is enough power for 55,000 homes.
Since 2009 Google has taken an interest in renewable energy after investing money in to PowerMeter, a service that allows people to monitor how much energy they consume. Google has also invested money in solar power companies eSolar and Alta Rock. As one of the leaders in Internet companies the investment may not seem as off as it could appear at face value.
Renewable energy is a growing trend across the United States in an effort to become a resource-independent country. It is one of the Obama administration’s most popular goals for his term in office as well. Wind farms are popular and an innovated way for farmers to make money aside from traditional crops.
Are you interested in investing in wind turbines or other forms of renewable energy and are in market for a loan? Farm Plus Financial has loans starting at 2.95% for all of your agricultural needs. Call us at 866-929-5585 or visit our website for more information.