Google Invests $80M In New Solar Energy Projects

Google Invests $80M In New Solar Energy Projects


It’s no head-up display, or a self-driving
car, but Google’s latest investment is keeping the future in mind. The company has partnered with investment
firm KKR to funnel $80 million into solar energy installations in California and Arizona.
(Via Fox Business) Recurrent Energy is building and maintaining
the solar farms, which have a combined capacity of 106 MW — enough to power 17,000 homes
for a year when they go live. Google says it won’t be using any of these
106 MW specifically for its own power needs, though. It’s taking a more global view: “These investments are all part of our drive
toward a clean energy future—where renewable energy is abundant, accessible and affordable.” Which isn’t to say Google won’t see a direct
benefit. After all, says GigaOM, the investment stands to make money on the generated electricity.
Google can get renewable energy credits to offset its datacenter electricity costs. Softpedia explains Google’s playing a long
game with this investment. Any increase in the availability of renewable energy plays
into Google’s plans. “The company has a goal of becoming completely
carbon neutral, something that it now achieves by buying carbon offsets. But, eventually,
it wants all of its data centers and operations to be run by clean energy so it can be truly
carbon-neutral on its own.” The new plants — five in southern California
and one in Arizona — are expected to start supplying power to the grid in early 2014.

2 thoughts on “Google Invests $80M In New Solar Energy Projects

  1. Who cares if Google makes money off of it.  As long as their investments actually reduce the cost to produce solar panels, it's a win for everyone.  But, if it ends up like the US Governments investment in alternative energy sources…. Ya'know.. give a bunch of money to a fake company so they can go bankrupt and buy a bunch of beach houses all over the world.  Then, not so much.

  2. Basically, we really ARE crazy to want research into free, clean energy, instead of poisonous drilling, mining, and  paying rocketing prices for ancient fossilized sunshine for electricity.

Leave a Reply

Your email address will not be published. Required fields are marked *