Tags: Google | cables | wind | farm

Google, Marubeni to Lay Cables for US Wind Farm Plan

Tuesday, 12 Oct 2010 07:09 AM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Google Inc., Marubeni Corp. of Japan and an investment company plan to lay power cables off the coast of the U.S. to supply electricity from wind farms to New Jersey and three other eastern states.

The group plans to build power grids with a capacity of 6,000 megawatts to connect future offshore wind farms and New Jersey, Delaware, Maryland and Virginia, according to a statement released on Marubeni’s website.

The group will set up a company to conduct a feasibility study by 2013 and plan to start operations of the 1,500-megawatt first phase in 2016, Marubeni spokesman Yo Nomura said. The project may cost as much as $6 billion, the Nikkei English News reported before the announcement. Nomura declined to comment on the costs of the project.

Google and Good Energies Investment Corp., an investor in green energy projects, will hold 85 percent of the company while Marubeni will take 15 percent, Nomura said. He declined to comment on the size of main investors’ stakes.

Google and Good Energies will each take a 37.5 percent stake in the project, the New York Times reported.


© Copyright 2014 Bloomberg News. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Next Partisan 'War' in New Congress Will Be Over Science

Friday, 28 Nov 2014 19:58 PM

After midterm battles, an immigration standoff and amid a switch of power in Congress, the next political fight in Washi . . .

New 15-minute Test for Ebola to Undergo Trials in West Africa

Friday, 28 Nov 2014 07:31 AM

A new test designed to rapidly diagnose Ebola virus infection is to be tried out at a treatment centre for the disease i . . .

Limestone 'Venus' 23,000 Years Old Dug up in France

Thursday, 27 Nov 2014 15:59 PM

A limestone statuette of a shapely woman some 23,000 years old has been discovered in northern France in what archaeolog . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved