Market Overview

Google, KKR Partner to Invest in Six Solar PV Projects

Google (NASDAQ: GOOG), KKR and Recurrent Energy today announced that Google and KKR are
making an investment in six solar photovoltaic (PV) facilities that are
currently being developed and will be managed by Recurrent Energy. The
solar facilities, located in California and Arizona, have a combined
production capacity of approximately 106 megawatts (MW) and will provide
clean electric power to local utilities and municipal offtakers under
long-term Power Purchase Agreements (PPAs).

The 17.5 MWac/22 MWp Victor Phelan project (pictured), located in San Bernardino, Calif., is part of six Recurrent Energy developed projects acquired by Google and KKR. The six project portfolio is expected to operational by early 2014 and will generate enough clean electricity to power more than 17,000 U.S. homes. (Photo: Business Wire)

Capital for the projects was provided by equity

See full press release

Posted-In: News Guidance Offerings Contracts Management Global

 

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