Google Pours $94M into Four Solar Projects
Google has poured $94 million into a portfolio of four solar photovoltaic projects being built by solar developer Recurrent Energy, the company announced on its blog. The deal brings Google’s investment in clean energy to more than $915 million. Google is investing alongside Kohlberg Kravis Roberts & Co. and Recurrent Energy in the projects, which are being built near Sacramento, Calif., and are designed to provide energy to the grid. In a blog post, Google said it will provide a $94 million equity investment, and SunTap Energy, a new venture formed by KKR, will provide the remaining equity.
20 December 2011•2 mins read
