Google investing $94 million in Sacramento-area solar plants

Source: LA Times
12/21/11, 09:03 AM | Solar Power

Google announced that it's investing $94 million in solar panel farms in the Sacramento area. The money will go toward four photovoltaic, or PV, panel farms built by San Francisco-based Recurrent Energy, owned by tech-giant Sharp, and will help fuel the project alongside funding from investment firm Kohlberg Kravis Roberts & Co., said Axel Martinez, Google's assistant treasurer, in a company blog post Tuesday. The investment pushes Google's portfolio of clean energy investments to more than $915 million, $880 million of which has been invested since January, Martinez said. Kohlberg Kravis Roberts, Recurrent and Google did not disclose how much Kohlberg Kravis Roberts was investing in the project.

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