GE and Google to Invest in Wind Farm

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GE and Google to Invest in Wind Farm

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#GE and #Google join in $500 million investment in new #Oregon wind farm http://3bl.me/nvn2wk

Summary

Alongside Google, GE is investing in a Arlington, Oregon wind farm, which is forecasted to be the largest wind farm in the world. Four investors (including two Japanese organizations) are supporting the farm with approximately $500 million. The wind farm is expected to produce 845 megawatts of energy, which will power over 235,000 homes. These two articles discuss the development of the wind farm, referencing the beneficial result it will have on the economic area of Oregon and the collective renewable energy goals of California. 

Friday, April 29, 2011 - 10:00am

CAMPAIGN: Energy at GE

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General Electric Co (GE: 20.10, +0.21, +1.06%), Google Inc (GOOG: 532.82, +7.77, +1.48%), and two Japanese partners will invest about $500 million in a wind farm under construction in Oregon, the partners said Monday.

The $2 billion Shepherds Flat project, due to be completed next year, will stretch over 30 square miles of north-central Oregon and generate enough energy for 235,000 U.S. homes. The site's developer is Caithness Energy.
 
Google has invested $100 million in the Shepherds Flat Wind Farm in Arlington, Oregon
Aside from running the successful Android operating system and the world's most popular search engine, Google has been making some environmentally conscious efforts as well. Just last week, the web giant invested $168 million in the Ivanpah Solar Electric Generating System located in the Mojave Desert in California.

Caithness Energy, which is the project developer, and GE, an early investor and turbine manufacturer as well as an operations and maintenance supplier. Other investors include Tyr Energy and Sumitomo Corporation of America.

 
 

About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.
 
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Keywords: Energy | GE | Google | Itochu Corp | Oregon | Sumitomo Corp | Tyr Energy | shephard's flat wind farm

CAMPAIGN: Energy at GE

CONTENT: Blog