Learn Ending The Twelvemonth Amongst About Other Construct Clean Unloosen Energy Investment
We’ve made a novel $94 1000000 investment inwards a portfolio of 4 solar photovoltaic (PV) projects beingness built yesteryear Recurrent Energy virtually Sacramento, California. This brings our portfolio of build clean liberate energy investments to to a greater extent than than $915 million. We’ve already committed to providing funding this twelvemonth to help to a greater extent than than 10,000 homeowners install solar PV panels on their rooftops. But this investment represents our get-go investment inwards the U.S.A. inwards larger scale solar PV ability plants that generate liberate energy for the grid—instead of on private rooftops. These projects select a full capacity of 88 MW, equivalent to the electricity consumed yesteryear to a greater extent than than 13,000 homes.
We’re investing with global investment theater KKR in addition to Recurrent Energy, a leading solar developer. Google volition supply a $94 1000000 equity investment in addition to SunTap Energy, a novel corporation formed today yesteryear KKR to invest inwards solar projects inwards the U.S., volition supply the remaining equity.
We’re joining KKR on their get-go renewable liberate energy investment inwards the U.S.A. We believe investing inwards the renewable liberate energy sector makes delineate of piece of occupation organisation feel in addition to promise build clean liberate energy projects conk on to attract novel sources of working capital missive of the alphabet to help the globe movement towards a to a greater extent than sustainable liberate energy future.
The liberate energy produced yesteryear these projects is already contracted for xx years with the Sacramento Municipal Utility District (SMUD). SMUD lately created a feed-in tariff program (FIT) to help greenish the grid for Sacramento-area residents. We’re excited that these projects are the get-go to hold upward built nether the program.
We’ve had a busy twelvemonth at Google. Since January, we’ve invested more than $880 million inwards build clean liberate energy projects. We believe the globe needs a wide hit of solutions—from wind, to transmission, to solar PV in addition to concentrated solar—and nosotros await forrad to novel opportunities side yesteryear side twelvemonth to farther expand our portfolio of build clean liberate energy investments.
We’re investing with global investment theater KKR in addition to Recurrent Energy, a leading solar developer. Google volition supply a $94 1000000 equity investment in addition to SunTap Energy, a novel corporation formed today yesteryear KKR to invest inwards solar projects inwards the U.S., volition supply the remaining equity.
We’re joining KKR on their get-go renewable liberate energy investment inwards the U.S.A. We believe investing inwards the renewable liberate energy sector makes delineate of piece of occupation organisation feel in addition to promise build clean liberate energy projects conk on to attract novel sources of working capital missive of the alphabet to help the globe movement towards a to a greater extent than sustainable liberate energy future.
Solar panels at ane of the Recurrent projects
The liberate energy produced yesteryear these projects is already contracted for xx years with the Sacramento Municipal Utility District (SMUD). SMUD lately created a feed-in tariff program (FIT) to help greenish the grid for Sacramento-area residents. We’re excited that these projects are the get-go to hold upward built nether the program.
We’ve had a busy twelvemonth at Google. Since January, we’ve invested more than $880 million inwards build clean liberate energy projects. We believe the globe needs a wide hit of solutions—from wind, to transmission, to solar PV in addition to concentrated solar—and nosotros await forrad to novel opportunities side yesteryear side twelvemonth to farther expand our portfolio of build clean liberate energy investments.