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Google in wind farm venture
Google has thrown its financial clout behind an ambitious $5bn (£3.16bn) proposed electric transmission line intended to spark investment in new wind farms off the heavily populated US East Coast. The move, which comes at a time when about a dozen wind projects have been proposed off the eastern United States but none have been built, marks the internet search giant’s latest move away from its core business, joining investments in solar energy and a plan to develop a car that will drive itself. Japan’s Marubeni Corp and New York investment firm Good Energies are joining in financing the planned 350-mile underwater electric cable, which will be led by Trans-Elect.