$ 38.8 million down the drain
Google checkbook is wide open this week. The case concerns not only the purchase of a BumpTop startup developing 3D interfaces or acquisitions of a mobile payment company Corduro , but primarily investments of $ 38.8 million in a wind farm project in North Dakota, USA.
The estimated cost of the entire farm: $ 190 million, collects the company NextEra Energy Resources , which is the owner of the entire project. The total capacity of wind turbines is about 170 megawatts of energy (enough for 55,000 homes).
However, this is not the first investment of the company in various projects for the extraction of "clean" energy for its data centers and God knows what else. Google already uses a lot of solar energy and invests in alternative projects, like AltaRock (geothermal power plants), eSolar (everything is clear) or Makani Power (wind turbines, but more productive in other weather conditions). However, the last millions were spent not on the purchase of the company, as was done before, but on a joint project.
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The money for the project does not go from Google Ventures, as it could have been expected, but directly from the company's treasury. A representative of Google itself commented on it this way: “You can think of investing in sectors that are interesting to us as a way to diversify our foreign exchange reserves.” The volume of these "foreign exchange reserves" today is $ 26.5 billion, so it is quite possible that in the near future, we will hear about other ways to diversify.
via TechCrunch
The estimated cost of the entire farm: $ 190 million, collects the company NextEra Energy Resources , which is the owner of the entire project. The total capacity of wind turbines is about 170 megawatts of energy (enough for 55,000 homes).
However, this is not the first investment of the company in various projects for the extraction of "clean" energy for its data centers and God knows what else. Google already uses a lot of solar energy and invests in alternative projects, like AltaRock (geothermal power plants), eSolar (everything is clear) or Makani Power (wind turbines, but more productive in other weather conditions). However, the last millions were spent not on the purchase of the company, as was done before, but on a joint project.
')
The money for the project does not go from Google Ventures, as it could have been expected, but directly from the company's treasury. A representative of Google itself commented on it this way: “You can think of investing in sectors that are interesting to us as a way to diversify our foreign exchange reserves.” The volume of these "foreign exchange reserves" today is $ 26.5 billion, so it is quite possible that in the near future, we will hear about other ways to diversify.
via TechCrunch
Source: https://habr.com/ru/post/92728/
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