Monday, January 16, 2012

Google, and KKR Plan To Invest $189M in US Solar Projects

Google, KKR plan to invest $189M in US solar projects Google Inc. and KKR Co. LP are planning to invest a combined $189 million in U.S. solar facilities. Google intends to invest $94 million in four California solar farms under construction near Sacramento. The search engine giant has agreed to buy a majority stake in the Sacramento solar facilities from Sharp Corp subsidiary Recurrent Energy. The facilities will have 88 MW of generation capacity. KKR plans to invest $95 million in facilities, including the Sacramento facilities and other projects. The company has established a new venture, SunTap, to make investment in solar power projects, including the Sacramento solar farms.

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