22 Dec '11, 5pm

Is Google Really Abandoning Renewables?

Stepping beyond the merits of Google’s engineering papers, its amazing to me that people keep writing about Google’s continued investment in clean energy as if these portend some kind of “hope for comeback” from Google into the clean energy realm. Maybe most are missing the significance of Google’s shift. Maybe its a distinction without a difference. IMHO, Google has (smartly) decided to leave the world of energy technology risk investment and, instead, has (smartly) plowed treasury resources into yield producing energy projects. But Google’s “commitment” to clean energy should be applauded no more or less than what would be accorded to any major investment bank, private equity group (note Google has coinvested with KKR in this most recent project), hedge fund, state pension fund or sovereign wealth fund that likes the structured returns and tax benefits (not to mention po...

Full article: http://www.greentechmedia.com/articles/read/is-google-aba...

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