Google lead the way as Global green investment reaches $256bn in 2012

Large business once again lead the charge, giving confidence to anyone still in doubt of the benefits of investing in green energy production.  Recent reports that global clean energy investment reached $256bn in 2012, up from $33bn invested tn 2004 really shows the take up and opportunity in this sector.

Meanwhile Google has announced a $200m deal for the 161MW Spinning Spur wind project in Oldham County, which was developed by EDF Renewable Energy.
 
The wind farm became operational just before the turn of the year and is expected to provide enough power for around 60,000 homes.
 
The move is the latest in a string of renewable investments Google has made since 2010, which have ensured that the IT giant now boasts around 2GW of clean energy capacity.

The company's projects include the 845MW Shepherd Flat wind farm in Oregon, one of the world's largest wind energy developments, as well as the Ivanpah solar project in California, which will boast 377MW of capacity.

"We look for projects like Spinning Spur because, in addition to creating more renewable energy and strengthening the local economy, they also make for smart investments: they offer attractive returns relative to the risks and allow us to invest in a broad range of assets," the company said.

The news comes after BP and Sempra this week revealed they had completed work on two giant wind farms in Kansas and Pennsylvania with a combined capacity of 611MW.