Google investing $94 million in Sacramento-area solar plants

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.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

SolarRoofHook - Low Profile QuickBOLT

SolarRoofHook - Low Profile QuickBOLT

SolarRoofHook's Low Profile QuickBOLT with Microflashing™ is the industry's affordable, UL Certified Asphalt Shingle mounting system. The Microflashing™ is compressed by the collar on the bolt to create a water-tight seal. With an installation time of less than one minute, the Low Profile QuickBOLT allows installers to complete more jobs.