"When Google was first given the go ahead by the Federal Energy Regulatory Commission to buy and sell electricity in February, we knew they were planning something big in the clean energy space, we just didn't know what it would look like. Today, we're beginning to see the plan unfold.
Google announced today that it will begin a 20-year Power Purchase Agreement to buy 114 megawatts of wind energy generated at NextEra Energy Resources' Story County II facility in Iowa. The agreement, set to begin on July 30, is the first by Google Energy LLC and it allows Google to buy the renewable energy directly from its source, rather from a retailer in the form of renewable energy credits (RECs). Because Google cannot use the energy directly, it is reselling it back to the grid in the regional spot market and retiring RECs associated with the power."
Google Energy Inks Wind Farm Deal, Now Officially a Utility | Earth and Industry
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