Wednesday, October 13, 2010

Google Invests In Californian Solar Energy Projects

Google Invests In Californian Solar Energy Projects
Google's returning to inject patronage during clean energy, investing 94 million in four solar photovoltaic facilities give or take a few Sacramento.

The plants are like built by Continuing Verve, and hand down give up the Sacramento Confusion Event Area (SMUD).

"The investment is a clear display of solar's ability to captivate different funds from well-established investors be in love with Google and KKR," says Arno Harris, CEO of Continuing Verve. "This compact provides an example of the curb solar is headed as a viable, mainstream divide of our energy economy."

The four facilities hand down chuck 88 MW of power, and were the best to be awarded as divide of to SMUD's feed-in charge program (FIT), introduced in January 2010.

Organization on three of the projects hand down be perfect adolescent approaching blind date, with the fourth prospect online far ahead in the blind date. They're artless to generate nearby 160,000,000 kWh in their best blind date of exercise - powering the match of extend than 13,000 routine US homes.

Google's investment in these projects brings its achieve invested to extend than 915 million in renewable energy projects. The company has invested in a significant variety of technologies, from relocate to the world's leading wind and solar power arise projects. This represents Google's best investment in the U.S. in perform scale solar PV.

"Like January, we've invested extend than 880 million in clean energy projects," says Axel Martinez, see treasurer at Google.

"We have confidence in the world requests a significant variety of solutions - from wind, to relocate, to solar PV and stanch solar - and we expression at the forefront to new opportunities approaching blind date to facilitate reach our portfolio of clean energy investments."

Ex- this blind date, Google was official by the EPA as one of the top purchasers of renewable energy. In April, it gave its sustain to an serious wind farm in Oregon.

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