Google Ends The Year By Investing $94 Million In Solar Projects
#-Link-Snipped-#, by Official Google Blog: Ending the year with another clean energy investment$94 Million in four photovoltaic (PV) projects near Sacramento, California, ends this year with an impressive $915 Million plus investment over Clean Energy. For the first time, Google is partnering with an investing firm KKR) KKRand a leading solar project developer #-Link-Snipped-#, over a solar energy project in  US.
Google reportedly will provide a $94 million equity investment and KKR through its newly formed venture SunTap Energy will offer the remaining equity, for these projects. Already, Google providing funding for installing solar panels on rooftops of over 10,000 homes, started this year. But, this is their first large-scale investment on the solar photovoltaic power plants that could supply a grid.
#-Link-Snipped-#The total capacity of this project comes around 88 MW, which has a capacity to power more than 13,000 homes . Also, for years, Google made a contract with Sacramento Municipal Utility District (SMUD), to supply electricity for homes in Sacramento. Also, this is the first project that comes under #-Link-Snipped-#, provided by SMUD. For the Electricity generated from renewable energy resources and combined heat-power installations, a standard published rates and contract terms was offered by SMUD.
Google, #-Link-Snipped-#that they hope to inspire other companies and investors to dive into the green energy investment, planned to expand their clean energy portfolio further in the coming years.
Google reportedly will provide a $94 million equity investment and KKR through its newly formed venture SunTap Energy will offer the remaining equity, for these projects. Already, Google providing funding for installing solar panels on rooftops of over 10,000 homes, started this year. But, this is their first large-scale investment on the solar photovoltaic power plants that could supply a grid.
#-Link-Snipped-#The total capacity of this project comes around 88 MW, which has a capacity to power more than 13,000 homes . Also, for years, Google made a contract with Sacramento Municipal Utility District (SMUD), to supply electricity for homes in Sacramento. Also, this is the first project that comes under #-Link-Snipped-#, provided by SMUD. For the Electricity generated from renewable energy resources and combined heat-power installations, a standard published rates and contract terms was offered by SMUD.
Google, #-Link-Snipped-#that they hope to inspire other companies and investors to dive into the green energy investment, planned to expand their clean energy portfolio further in the coming years.
Replies
You are reading an archived discussion.
Related Posts
Windows 8 seems to be going tight on Security and has added another feather to its cap with the idea of storing passwords in cloud. Passwords saved in cloud kill...
Ever wondered how Mozilla is able to deliver a world class web browser without charging even a buck for it? Thanks to the Google & Mozilla search deal that lets...
Intel's big jump into the mobile market was the talk of the tech-town throughout the year, and looking at the positive response its design has generated, we can say that...
IIT Kharagpur's Entrepreneurship Cell is conducting Global Entrepreneurship Summit, a three day event in 2012 starting from 13th of the first month in the new year. The theme of the...
Following great deals of scrutiny in Europe, Google is facing problems from the US Federal Trade Commission (FTC). Questions were raised about Google’s possible tactics, to try and lead users...