The total cost of Lake Turkana Wind Power plant amounts to $700 million. Realization of the project with capacity of 310 megawatts will increase energetic output of the African state by 17%.
The quantity of Google’s investment hasn’t been revealed yet. The market analysts underline that even the modest contribution will become an incentive for investments into projects in the field of alternative energy sources. At the same time it was reported that Google would become minority investor of the project.
Earlier Google’s management took a part in the building of Jasper Power Project, one of the biggest African solar power plants, located in South Africa. The company is also a co-investor of the number of American projects in the field of solar and wind power energy that are located in Iowa, Texas and Mojave desert.
It is worth noticing that Google administration, which capitalization is $350 million, has been searching for an opportunity to invest into foreign economies for a long time.