GOOGLE’S AFRICAN WIND

Why Google would want to back a huge wind farm in Africa

Katier Fehrenbacher, June 12, 2015 (Fortune)

“…After investing close to $2 billion into solar and wind farms, mostly across the U.S., Google may now be taking that strategy to Africa. Google is in discussions to invest potentially tens of millions of dollars into the largest wind farm in sub-Saharan Africa…Called The Lake Turkana Wind Power Project...[it] is supposed to be completed in 2017 and deliver 300 megawatts to the Kenyan grid…[That is] 20 percent of all the electricity produced in the country...[It] is expected to cost close to $1 billion…Google has ponied up close to $2 billion in more than 20 clean energy projects, and has committed to buy another 1 gigawatt worth of clean energy from various farms… It’s a big and growing international business with traditional investors like Warren Buffett…Clean energy development is also a growing business in Africa…Google’s investment could also help unlock a $250 million investment guarantee from the U.S. government’s development finance institution…” click here for more

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