Google (NASDAQ:GOOG) is getting into wind energy. According to a statement by the Japanese company Marubeni, the companies are investing in a wind energy transmission project off the East Coast.
Google will hold a 37.5% stake in the project to build a power cable network to offshore wind farms that will bring electricity to 1.9 million homes in Virginia, New York and New Jersey.
Then entire project, which will be completed in stages, will reportedly cost a total of about $5 billion, with Google’s initial investment totaling $200 million.
Also today, Entergy Corporation (NYSE:ETR) announced it is cooperating with the U.S. Department of Justice in a civil investigation of competitive issues regarding its practices and policies in several of its businesses.
It became aware of the investigation during anti-trust proceedings for an Entergy Louisiana purchase of power generation units.
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