20 Dec '11, 7pm

Google Ends 2011 With a $94 Million Investment in Solar Power

We’re investing alongside global investment firm KKR and Recurrent Energy, a leading solar developer. Google will provide a $94 million equity investment and SunTap Energy, a new venture formed today by KKR to invest in solar projects in the U.S., will provide the remaining equity. [...] The energy produced by these projects is already contracted for 20 years with the Sacramento Municipal Utility District (SMUD). SMUD recently created a feed-in tariff program (FIT) to help green the grid for Sacramento-area residents. We’re excited that these projects are the first to be built under the program.

Full article: http://www.treehugger.com/renewable-energy/google-ends-20...

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