Google Inc (GOOG) makes New Investment in Lone Star State

Everything is bigger in Texas, Right? Well, according to Google Inc (NASDAQ:GOOG) this state is windier than many others as well. For this reason, the search engine giant has made another big move. This time around, the company made another wind energy investment in the Lone Star State. For those who live in Texas, this may not be much of a surprise. For those in other parts of the world reading this, you may be wondering why it made this decision.

Later in December 2013, Google finalized an agreement to invest $75 million in a wind farm located in Carson City, just outside of Amarillo. Known as Panhandle 2, this facility was developed by Pattern Energy Group LP.

Here is the detail that is most exciting: this wind farm has the ability to generate enough renewable energy to power more than 50,000 homes. This may not be a huge number, when considering how many homes are located in the state, however, it goes a long way in showing what it can do for locals.

At this time, Google Inc (NASDAQ:GOOG) believes that the facility can be operational by the end of 2014. In other words, it is not long until local homes are relying on wind power as opposed to other forms of energy.

Google Inc (NASDAQ:GOOG)

Another Energy Investment for Google

Let’s face it: this is a space in which Google want s to become a major player. This facility is the company’s 15th renewable energy investment, as well as its second in Texas. Early last year, the company put $200 million into the Spinning Spur wind farm. Furthermore, Google Inc (NASDAQ:GOOG) has a partnership in place with Happy Hereford wind farm, also located in Texas.

While many companies are doing their part in becoming more energy efficient, Google is putting its money where its mouth is. Once again, the company is making a big investment in Texas wind energy.

This goes a long way in showing that Google continues to chase after its goal of operating on 100 percent renewable energy.

Google Inc (NASDAQ:GOOG) doesn’t just talk about making changes. Instead, the company will do whatever it takes to make progress and help others while doing so. This is just another example.

The real question is: when is Google going to make another investment in the Lone Star State? Or maybe next time around the company will pick another location. Only time will tell!

 

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!