- Google invests $94 mn in solar energy
Houston: Online search and advertising giant Google is making a USD 94 million investment in four solar energy farms near Sacramento in California in partnership with investment firm Kohlberg Kravis Roberts & Co, bringing the company's portfolio of clean energy projects to almost USD 1 billion.
Google, on its Green Blog, said that it will spend USD 94 million on the projects.
They also will receive equity from SunTap Energy RE LLC, a venture formed by KKR to invest in US solar projects.
The projects are expected to provide electricity to power more than 13,000 average US homes.
corporations realized quite quickly that it doesn't make sense to pay higher costs of electricity from the grid, when you can generate your own. This trend is set to continue.
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