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

QuickBOLT - QB RibRider: Flexible, Fast, and Secure Solar Mounting for Metal Roofs

QuickBOLT - QB RibRider: Flexible, Fast, and Secure Solar Mounting for Metal Roofs

The QB RibRider™ is an adjustable and easy-to-place mount for exposed fastener and trapezoidal ribbed roofs, combining versatility with robust construction. It features a 90/180 mounting combo with 75mm butyl pads on the base for superior weatherproofing. The RibRider is designed to fit most exposed fastener, trapezoidal, and ribbed metal roof profiles. This mount features stainless steel roof brackets and comes with four #14 x 1-1/4" hex washer self-drilling screws, ensuring a secure attachment to the roof.