Internet giant, Google, has once again teamed up with the global investment firm, Kohlberg Kravis Roberts & Co (KKR) and North American solar project developer, Recurrent Energy, for US$400 million worth of solar projects, according to the Wall Street Journal.
The investment is to go towards the construction of six solar plants in California and Arizona, with 106MW of combined power generation expected to be grid connected by January, providing enough power for 17,000 homes.
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Google reportedly has a US$80 million stake in the investment.
The three companies previously banded together to fund PV in 2011, with 81MW of solar projects in Sacramento.
Both KKR and Google have a history of investing in solar: KKR bought Canada’s second largest PV plant in February, while Google has pledged investments of US$1 billion in renewable energy, and also partnered with the solar aeroplane, Solar Impulse, this September.