Google Ramps Up Its USD 750 Million Clean Energy Plan with Profits From Tax Credit

Google Inc. plans to ramp up its $750 million investment in clean energy projects by taking advantage of tax rules to channel more funds into wind, solar and other renewable power sources.

All except two of the company’s investments in clean energy projects were structured as tax-equity financing, tapping government incentives that encourage large companies to back promising projects that often have yet to generate income, said Rick Needham, Google’s director of green business operations.

Source: Offshore Wind