Google says to invest in renewable energy push

http://www.reuters.com/article/environmentNews/idUSWNAS322020071127

SAN FRANCISCO, Nov 27 (Reuters) - Google Inc (GOOG.O: Quote, Profile, Research) said on Tuesday the Web services and online advertising group plans to promote a new initiative to encourage cheap renewable electricity.

The project, known as Renewable Energy Cheaper Than Coal, will focus initially on advanced solar thermal power, wind power technologies, enhanced geothermal systems and other new technologies.

In 2008, Google plans to spend tens of millions of dollars on research and development and related efforts in renewable energy. Eventually, the company plans to spend hundreds of millions of dollars in "breakthrough renewable energy projects which generate positive returns."

It aims to produce renewable energy that is cheaper than coal, the Silicon Valley-based company said in a statement.

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