Google buys 10 years of renewable energy in deal with Nordic wind farm developer O2 and German insurance company Allianz.Google and O2, a leading Nordic wind farm developer and operator, today announced that Google will buy the entire electricity output of a new wind farm, to be built at Maevaara, in Övertorneå and Pajala municipality in northen Sweden, for the next ten years.This power purchase agreement (PPA) will enable Google, which is already a carbon neutral company, to run its Hamina, Finland data center using renewable energy. Thanks to the new power purchase agreement with Google, O2 has secured 100% financing for the construction of the new wind farm from German insurance company Allianz. The 24 turbine project, with a capacity of 72 MW, already has all relevant planning approvals and permits, and construction will start in the coming months.When the wind farm becomes fully operational in early 2015, Allianz will assume ownership of the wind farm. O2 will continue its involvement in Maevaara through a separate agreement to commercially and technically manage the wind farm.The agreement takes advantage of Europe's increasingly integrated electricity market, in particular Scandinavia's shared electricity market and grid system, Nord Pool. This enables Google to buy the wind farm's electricity output in Sweden and consume the same amount of power, with Guarantee of Origin status, at its data center in Finland."As a carbon neutral company, we're always looking for ways to increase the amount of renewable energy we use", said Urs Hoelzle, Senior VicePresident of Technical Infrastructure at Google. "This long term agreement, our forth globally, means we can power our Finnish data center with clean energy and add new wind generation capacity to the European grid."" Google's decision to purchase the full output of the Maevaara wind farm for its Finnish data center was a key element in our decision to invest in the project", said David Jones, Head of Renewable Energy at Allianz Capital Partners. "Maevaara is our first renewable energy investment in Sweden, and the Power Purchase Agreement implemented for this project offers an interesting model for further wind farm development in this market.""We're delighted to be able to build yet another onshore wind farm, this time for Allianz and Google," said Johan Ihrfelt, CEO of O2. "We'll be using the latest generation 3 MW turbines to ensure we get the maximum efficiency out of Maevaara's great wind conditions."Quelle: 5. Juni 2013, www.o2.seDie auf dieser Seite veröffentlichten Original-Meldungen der Unternehmen werden nicht von greenValue bearbeitet. Die inhaltliche und presserechtliche Verantwortlichkeit liegt ausschließlich bei dem meldenden Unternehmen. Jegliche Haftung aus der Nutzung oder Nicht-Nutzung dieser Information ist ausgeschlossen, eine Verantwortung für die Inhalte externer Links übernehmen wir nicht.Weitere News und aktuelle grüne Investitionsangebote u.a. Solarfonds, Windfonds, Green Building Fonds, Genussrechte, Anleihen und Private Placements finden Sie unter www.greenvalue.de.
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