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Google links up with RWE on Crooked Creek Solar, with Oklahoma county revenue forecast
The Apex Times

THE APEX TIMES

Business/The Apex Times/Aug 4, 7:09 AM EDT

Google links up with RWE on Crooked Creek Solar, with Oklahoma county revenue forecast

The companies say the Crooked Creek Solar project, once in operation, is expected to generate about $25 million in revenue for McCurtain County, Oklahoma, according to a report carried by Yahoo Finance.

Google is partnering with RWE on the Crooked Creek Solar project in Oklahoma, a development that ties a global tech buyer to a large-scale renewable buildout backed by a major European power producer, according to a report published by Power Technology and circulated via Yahoo Finance.

The coverage says that, when the solar project reaches operations, it is forecast to generate roughly $25 million in revenue for McCurtain County. The report does not spell out the duration of any local benefit arrangement, nor does it provide the size of the generation capacity or the specific commercial terms of the energy deal.

The announcement frames the project as a direct contributor to local government receipts, which typically come through a mix of property tax and other locally assessed charges that accompany new infrastructure development. However, the report does not clarify which components make up the projected $25 million figure, or whether the estimate assumes particular construction and operating timelines.

For Google, transactions like this generally fit into a broader strategy of securing clean power at scale for its computing footprint, including data centers and other energy-intensive services. Large technology firms often use long-term power purchase agreements (PPAs), which are contracts to buy electricity from a specific generation source over a set period, to align consumption with renewable output.

RWE is known as a developer and operator across the power sector, with an emphasis on renewable generation. Projects like Crooked Creek Solar are the type of build that can help utilities and developers monetize returns while matching electricity buyers’ demand for low-carbon power.

Even with that context, the details that investors typically scrutinize are missing from the reported account. The coverage does not disclose the contract structure (for example, whether Google is buying all output or a portion), the length of any arrangement, pricing terms, or whether Google involvement is limited to an offtake agreement rather than an equity stake.

What is clear from the report is the anticipated local economic impact once the asset is operating. The remaining commercial and technical specifications, such as the project’s capacity (in megawatts), expected annual output (in kilowatt-hours), and any milestones tied to construction and interconnection, were not included in the circulated excerpt.

The next items to watch are any follow-on filings or announcements that quantify the project’s generation profile and commercial terms, along with documentation from Oklahoma or the developer that could confirm the local revenue estimate and the timeline to completion.

Why It Matters

  • Renewables off-take deals involving major technology companies can influence how quickly clean power projects reach financing and completion.
  • Local revenue forecasts like the reported $25 million can be a key factor in how host communities evaluate new generation infrastructure.
  • The lack of disclosed contract terms limits how much markets can infer about pricing and risk allocation between buyers and developers.
  • If Crooked Creek Solar becomes operational as expected, it could add to regional renewable supply and support broader decarbonization goals tied to corporate energy demand.

Sources

Key Facts

  • Google is reported to be partnering with RWE on the Crooked Creek Solar project in Oklahoma.
  • The report says the project, once operational, is forecast to generate about $25 million in revenue for McCurtain County.
  • The coverage does not provide project capacity, annual production estimates, or detailed contract terms.
  • The report does not specify whether the arrangement is a power purchase agreement, an equity investment, or another form of collaboration.
  • The local revenue forecast is tied to the project’s operational phase, but the components of that forecast are not broken down.

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Sep 1, 12:07 AM EDT
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Apple CEO transition hands AI test to John Ternus as AAPL slips

John Ternus takes over as Apple’s chief executive role as Phil Schiller steps back, with market attention focused on how leadership changes could affect ongoing work on artificial intelligence initiatives. Apple shares slid in early trading following the transition reports.

Apple CEO transition hands AI test to John Ternus as AAPL slips
The Apex Times
Google links up with RWE on Crooked Creek Solar, with Oklahoma county revenue forecast | The Apex Times