31 May '13, 3pm

Internet giant Google contributes $12M to 96 MW Jasper #Solar #Energy Project

The development consortium consisting of SolarReserve, a U.S. developer of utility-scale solar power projects; the Kensani Group, an investment player in South Africa; and Intikon Energy, a South African developer of renewable energy projects, has closed project financing for the 96 MW Jasper Solar Energy Project. Notably, the project represents Google's first renewable energy effort in Africa, with a $12 million equity investment. The company has committed more than $1 billion to renewable energy projects worldwide. Other equity investors include the Public Investment Corp., Kensani Capital Investments, SolarReserve, Intikon, Development Bank of South Africa and the P.E.A.C.E. Humansrus Fund, with Rand Merchant Bank providing preference share equity. The Jasper project was selected by the South Africa Department of Energy in May 2012 in the second round of bids under the ...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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