Google Invests in a 106-MW Solar Portfolio
Google and investment firm KKR are investing in six solar photovoltaic facilities that are being developed and will be managed by Recurrent Energy. The solar facilities include five projects in Southern California and one in Arizona. The six projects are expected to be operational by January 2014. They have a combined production capacity of about 106 MW and will provide electric power to three offtakers, including Southern California Edison, under long-term power purchase agreements (PPAs).
The three companies made a similar announcement in December 2011, when Google and KKR invested in four utility-scale solar facilities near Sacramento, Calif., developed by Recurrent Energy.
This is Google’s 14th renewable energy investment; to date the company has committed more than $1 billion to renewable energy across a wide range of technologies from off-shore transmission to wind and solar projects.
Recently, Google announced it would purchase the entire output of the 240 MW Happy Hereford wind farm outside of Amarillo, Texas.
Photo: Victor Phelan project in San Bernardino, Calif., part of six Recurrent Energy developed projects acquired by Google and KKR.
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