We recently invested approximately $100 million in the Shepherds Flat Wind Farm, anticipated to be the largest wind farm in the world. Shepherds Flat is currently under construction near windy Arlington, Ore., and when completed in 2012 will produce 845 MW of energy. That’s a lot of wind—enough to power more than 235,000 homes.
The site of the Alta Wind Energy Center (AWEC), which will generate 1,550 megawatts (MW) of energy when complete, making it one of the largest sites in the country for wind energy generation—enough to power 450,000 homes.
3 1/2. (Update 6/22) Today, we’re increasing our investment in the Alta Wind Energy Center (AWEC) in Tehachapi, Calif. by providing another $102 million to finance the 168 MW Alta V Project. This adds to the $55 million investment we announced here last month for the 102 MW Alta IV project. We’ve now invested $157 million in 270 MW of clean, wind energy generation at AWEC. And that brings our total invested in this sector to more than $780 million, with over $700 million invested this year alone—all in projects that not only provide us strong financial returns, but also help to accelerate the deployment of over 1.7 GWs of clean renewable energy.
Today, we’re announcing that we’ve investing $280 million to create a fund that will help SolarCity finance more solar installations across the country. This is our largest clean energy project investment to date and brings our total invested in the clean energy sector to more than $680 million. We’ve also launched a partnership to offer SolarCity services to Googlers at a discount.
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