Google Invests $75 Million in Iowa Wind Farm
Clean Edge News
Google recently announced that it has made a $75 million equity investment in the 50-megawatt Rippey Wind Farm, located in Greene County, Iowa. This brings Google’s global commitment to renewable energy projects to more than $990 million.
“Over the past two years, Google’s investments have helped enable the deployment of hundreds of megawatts of renewable energy,” said Axel Martinez, Assistant Treasurer and Head of Capital Markets at Google. “Our investment in the Rippey project is a further demonstration of our commitment to a clean energy future.”
Construction of the Rippey wind energy project commenced in November 2011 and has recently achieved commercial operation. The Rippey project consists of 20 Nordex 2.5 megawatt turbines, manufactured at Nordex USA’s Jonesboro, Arkansas facility. The 50 megawatt facility has the capacity to generate enough clean energy to power approximately 15,000 homes. The energy produced by the wind farm has been contracted to Central Iowa Power Cooperative (CIPCO).