The search engine giant is looking for ways to invest in more energy projects and analysts believe it could be considering investing in a project based in Africa.
Google Inc has lately been thinking about starting a project in Africa which involves the wind powering, as reported by a news article published by CNBC on May 12, 2015. Africa, being a continent that has been witnessing exponential growth over the period of time, is still reportedly facing issues where electricity is concerned. The search engine giant is planning to expand the already working projects working in the region in order to produce more electricity.
On the other hand, Lake Turkana Wind Power project is being worked upon a massive 40,000 acres and is valued up to around $700 million and the electricity power that it has been designed to create has come around 310 megawatts. If everything goes according to plan, the electricity capacity of Kenya is predicted to grow by a massive 20 percent.
However, sources to have proper knowledge of the activities and plans of Google are of the opinion that the tech giant taking part in the project has not been confirmed yet. If it plans to involve itself in the energy production, the stakes that it is expected to have are not too much anyway. CNBC, on the other hand, was seen to try get in contact with the search engine in answer to which they were told by the representatives of the firm that the company is yet not involved in any such project and no deal has been signed in LTWP. It was also recorded that the firm has not agreed on anything yet with the other party.
Analysts, however, believe that keeping in mind the previous activities of Google business where it has been seen to get itself associated with different energy projects shows that this is another project that the firm could be thinking. The Silicon Valley-based company has been working towards eradicating energy issues for quite some time now and by getting involved in the African project, it could help in solving electricity problems even in the region.
Google has reportedly been looking for new significant projects to invest in, and these projects have not been limited to only in the United States as the firm is ready to accept new ventures in other countries as well. In South Africa, the tech giant signed up for Jasper Power Project two years back in a deal worth $12 million. The software company has also said in a press release that is working towards providing more and more energy to the people which will help the energy to become easily available for the customers as well as for the firm as well.
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