A growing number of companies are beginning to realize the importance of taking full advantage of renewable energy. While this may be the case, not many have spent so much time and money on this as Google Inc (NASDAQ:GOOG).
The search engine giant continues to find ways to better its operation, and with a dedication to renewable energy the company is bettering the world at the same time. Does it get any better than that?
Recently, Google announced its intention to “purchase the entire output of the 240 MW Happy Hereford wind farm outside of Amarillo, Texas.”
This is not the first time the company has done something like this, but it remains exciting. This is the fifth long tem agreement the company has made, however, this one is by far the largest.
Google Inc (NASDAQ:GOOG) Focused on Renewable Energy
As noted above, this is not the first time Google has looked into renewable energy. It has made four similar agreements in the past, contracting enough wind energy to power roughly 170,000 homes.
What is it about the Happy Hereford wind farm that has Google Inc (NASDAQ:GOOG) so excited? For one, it can start producing energy as soon as 2012. Along with this, the farm is being developed by a small company out of Oklahoma, Chermac Energy.
One would have to imagine that Google is most excited about the fact that the renewable energy can be sued to power its data centers as well as the local community. In other words, the company is benefiting but so are those in the area. It is a win-win situation for everybody involved.
The agreement made between Google and the Happy Hereford wind farm is similar to other commitments the company has made in the United States. While it is not able to consume the energy directly, due to the current state of the market, the end result is still beneficial across the board.
It would be nice to see more and more companies follow in the footsteps of Google Inc (NASDAQ:GOOG). This is not the first time Google has done something like this, but with each announcement the excitement remains.
These hedge fund managers love everything Google is doing, including the way the company continues to work towards a better future: Robert Karr, Daniel Benton, Sandy Nairn, Gregory Bylinsky, and Christopher Hansen.