June 21, 2010 10:08 ET

Google Moves Into Renewable Energy Market With $38.8 Million Investment

ROCKVILLE, MD--(Marketwire - June 21, 2010) - has announced the addition of GlobalData's new report "Google's First Investment in The Utility-Scale Project," to their collection of Electricity Transmission & Smart Grids market reports. For more information, visit

The need to achieve environmental sustainability and reduce carbon footprint is driving major power consuming companies towards alternate sources of energy. Google, one of the major Internet search engines, consumes a large amount of power for its day to day operations. The company is pursuing its investments towards renewable energy sources to reduce its carbon footprint as well as diversifying its business as an energy trader. Recently, the company invested $38.8m in the two wind farms of 169.5 MW cumulative capacity in North Dakota thereby expanding its renewable energy portfolio and switching towards low-cost and efficient clean energy wind technology.

Topics covered in the report include...

  • Google's initiatives in the renewable energy market
  • Focus of Google towards wind energy
  • Types of investments made by Google in the renewable energy sector
  • Google's strategy as an energy trader

For more information, visit

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