Sun. Sep 27th, 2020

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The Real News Network

Google plan to buy into largest African wind farm ended by delay

1 min read

FILE PHOTO: Power-generating wind turbines are seen at the Lake Turkana Wind Power project in Loiyangalani district, Marsabit County

COPENHAGEN (Reuters) – Google’s <GOOGL.O> plans to buy a 12.5% stake in Africa’s largest wind farm have been canceled after delays to the project, Danish wind turbine maker Vestas <VWS.CO> said on Monday.

The 310 megawatt (MW) Lake Turkana wind farm in Kenya was initially set for completion 2017, after which Google had committed to buy the stake from Vestas.

But the delay led to the cancellation of the deal with Google in 2019, Vestas said.

“Due to delays relating primarily to the transmission line, the Vestas agreement with Google was canceled in 2019,” a Vestas spokesman told Reuters, adding that it was in talks with other potential buyers of the stake.

Google was not immediately available for comment.

(Corrects lead and paragraph three to reflect that Vestas did not make clear who had canceled the plan.)

(Reporting by Andreas Mortensen; Editing by Jacob Gronholt-Pedersen and Alexander Smith)

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