Google and KKR invest $400 million into six solar plants

Google is once again investing in renewable sources, having already invested over $1 billion in renewable energy. The company has joined forces with KKR, a global investment firm, to acquired six solar plants that are currently being developed by Recurrent Energy. The solar plants are expected to be operational by January and are expected to generate enough electricity to power over 17,000 homes.

Google’s on quite a roll when it comes to investing in renewable sources of energy like solar and wind. The tech giant, which has invested more than $1 billion in renewable energy, will announce Thursday that it’s made its 14th clean energy investment: it’s joined forces with KKR, the global investment firm, to acquire six solar plants currently being developed by Recurrent Energy. Five of the solar projects are in southern California; one is in Arizona. Google’s investment is roughly $80 million.

Read full article

Comments