Google Invests In Offshore Wind Turbine Project
October 12, 2010 5:00 PM
comment(s) - last by
(Source: Google Blog)
Atlantic Wind Connection backbone will connect 6,000MW of offshore wind turbines
has signed an agreement to financially assist the establishment of a
backbone transmission project
that will further progress offshore wind development off the Mid-Atlantic coast. The project, which is called the Atlantic Wind Connection (AWC) backbone, is financed by Google,
. It will be led by
, which is an independent transmission company.
The AWC backbone is a huge design covering 350 miles off the coast from New Jersey to Virginia. It will connect 6,000 megawatts of offshore wind turbines, which is comparable to 60 percent of the wind energy installed throughout the
entire United States last year
. This amount of power is capable of providing for 1.9 million homes.
To collect this kind of power, the AWC backbone will draw power from several offshore wind farms and then deliver it to high capacity parts of the land-based transmission system via sub-sea cables.
The AWC backbone will assist states in meeting their
renewable energy goals
and standards by installing turbines 10 to 15 miles offshore where they are out of sight from land and are able to take advantage of heavier winds. The project is specifically advantageous to the east coast because transmission is overstretched in this area, and "relieves grid congestion" in one of the National Interest Transmission Corridors. The AWC backbone also prevents developers from having to install individual radial transmission lines from the shore to each offshore wind project, saving both time and money.
In addition to environmental benefits, Google sees the AWC backbone as an opportunity that will offer "a solid financial return" and will create thousands of jobs.
"We believe in investing in projects that make good business sense and further the development of renewable energy," Rick Needham wrote the Google Blog. "We're willing to take calculated risks on early stage ideas and projects that can have dramatic impacts while offering attractive returns.
"This willingness to be ahead of the industry and invest in
large scale innovative projects
is core to our success as a company."
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RE: Additional details
10/12/2010 11:32:19 PM
"Compared to the largest wind farms operating currently, the cost ends up being around 2.5x that and nearly on par with coal." I meant the cost would be a 2.5x reduction from current farms.
"We basically took a look at this situation and said, this is bullshit." -- Newegg Chief Legal Officer Lee Cheng's take on patent troll Soverain
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