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Google Approaching Milestone Of $1 Billion In Clean Energy Projects

Googleplex blanketed in solar panels

Google’s clean energy investments are creeping toward the $1 billion mark. The Internet supergiant announced on its Google Green Blog that the company has recently invested $94 million in four solar photovoltaic projects in California, to be built by Recurrent Energy. This number increases their clean energy investments to more than $915 million.

Aside from this investment, the company has provided funding throughout the year to help more than 10,000 families install solar PV panels on their rooftops. The capacity of these projects is equivalent to the energy consumed by over 13,000 homes.

According to the Google blog, “We believe investing in the renewable energy sector makes business sense and hope clean energy projects continue to attract new sources of capital to help the world move towards a more sustainable energy future.”

The energy production of these projects is under a 20-year contract with the Sacramento Municipal Utility District, who recently created a tariff program to help green the Sacramento-area grid for its residents.

Since January, Google has invested over $880 million in clean energy projects. Find a full list of all their clean power investments to date here.

What’s next? How much longer can Google continue to top its own clean energy efforts?

Image CC licensed by Steve Jurvetson: Googleplex in Silicon Valley blanketed in solar panels

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