Google Invests in Atlantic Wind Connection Offshore Turbine Power

The undersea cable will increase access to renewable energy, and improve the quality of service along the mid-Atlantic coast. Google is investing 37.5-percent of the equity in the initial development stage, although it's unclear exactly how much cash the company will be seeding for the project, which is estimated to cost a total of $5 billion. Trans-Elect is the company building the transmission line, but the project is being funded by Google, Good Energies and Marubeni Corporation. The new backbone will help ensure that the East Coast doesn't experience another catastrophic blackout like the one in 2003.





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