Google and investment firm plunge $400m in solar projects

Search engine giant Google and global investment firm KKR have struck a deal to invest around $400 million (£249m) in solar projects, it has been reported. The cash is to go […]

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By Priyanka Shrestha

Search engine giant Google and global investment firm KKR have struck a deal to invest around $400 million (£249m) in solar projects, it has been reported.

The cash is to go towards building six solar farms in the United States with a total capacity of 106MW – enough to power around 17,000 homes. Reports claim it is expected to be connected to the grid by January next year.

Developer Recurrent Energy, part of Japan’s Sharp Corporation, will build the solar projects, five in southern California and one in Arizona.

The deal marks the second time the trio has worked together, with 81MW of solar projects in Sacramento in 2011.

Last month the Google confirmed it would invest $103 million (£64.5m) in a solar farm in California – its “lucky thirteenth” renewable energy investment.