Google Gets Into Offshore Energy

Company backs largest U.S. offshore wind energy project

By Jessica Greene
|  Tuesday, Oct 12, 2010  |  Updated 9:58 AM PDT
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Google Gets Into Offshore Energy

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The city of Dallas will get some electricity generated from Texas wind farms.

From searching on your smartphone to mapping the streets, Google is everywhere. And now, the Mountain View-based company is about to get wet. Well, sort of.

Google is set to spend billions of dollars on a project to lay a cable in the Atlantic Ocean connecting an offshore wind power farm with the Eastern Seaboard. The lines would run from Virginia to New Jersey and would generate enough energy to power 500,000 homes.

Think of it as "the world's largest extension cord." At a cost of up to $5 billion over 10 years, it's also thw world's most expensive power cord.

As big as they are, Google is not funding the plan alone. But they will own more than a third of it, with other tech companies also investing in the project.

This isn't Google's first  into the field of green energy. In may, the company bought a $40 million stake in two North Dakota wind farms.

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