Move over Microsoft.
The techies at Redmond aren’t the only big spenders in the renewable energy arena. Google, too, is investing big bucks on some solar array projects in the West. Kojo Ako-Asare, Head of Corporate Finance at Google, posted on the official Google blog:
We’re partnering with global investment firm KKR to invest in six utility-scale solar facilities in California and Arizona. Developed by leading solar developer Recurrent Energy, the projects have a combined capacity of 106MW and will generate enough electricity to power over 17,000 U.S. homes. Google will make an approximately $80 million investment into these facilities.
$80 million is no joke, but it’s not the first time the search giant teamed with KKR to finance big green energy projects. In 2011, they invested in four solar power plants, also built by Recurrent, to the tune of $94 million. “Those facilities have since started generating electricity, and we’ve committed hundreds of millions more—more than $1 billion in total—to renewable energy projects around the world,” added Kojo Ako-Asare.
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