08 Apr '11, 2pm

Google Makes First Foreign Investment in Renewable Energy

Google (Nasdaq: GOOG) announced its first foreign investment in renewable energy - a solar PV plant in Germany. The Internet giant invested EUR 3.5 million (US$5 million) in a solar photovoltaic (PV) plant in Brandenburg an der Havel, Germany. Google joined German private equity firm Capital Stage in the investmet and acquired a 49% stake in the solar project. The recently completed facility is located on 116 acres near Berlin and has a peak capacity of 18.65 MW. More than 70% of the panels installed in the project were manufactured in Germany. Until the early 90's, the site was used as a training ground by the Russian military. In the last year, Google invested in Iowa wind power , offshore windpower transmission , weather insurance , efficient electricity conversion

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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