A-Power Energy Generation Systems, Ltd.(fka APWR)

[dingocub]

Google invest 200 million in Texas wind farm..

http://news.yahoo.com/google-invests-200-million-texas-224846743.html


SAN FRANCISCO (AP) -- Google Inc. is investing $200 million in a Texas wind farm, the Internet search leader's latest big bet on the future alternative energy.

The commitment to the Spinning Spur Wind Project announced Wednesday brings Google's total investments in alternative energy to more than $1 billion. The company has backed 11 different projects with a combined capacity to produce 2 gigawatts of electricity — enough to power about 500,000 U.S. homes for a year.

SO close but no cigar..

Cielo helped build Spinning Spur...

EDF itself purchased the wind farm last January from Austin-based Cielo Wind Power for $322 million and finished the project by the end of 2012 in order to qualify for a number of federal incentives that were set to expire on December 31.

As for the company’s reason for today’s investment, Kojo Ako-Asare, Senior Manager, Corporate Finance at Google writes that the company looks “for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments: they offer attractive returns relative to the risks and allow us to invest in a broad range of assets.”