Google to invest $80 million in six solar power plants

Google Inc. is engaged in an $80 million equity investment in six solar power plants that will come online January 2014. The projects, five of which are located in California and one of which is in Arizona, will have a total capacity of 106 MW, or enough electricity to power 17,000 homes.

The solar plants are being built by San Francisco-based Recurrent Energy and will be owned by Sharp Corp. of Japan.

Google partnered with private equity investor KKR & Co. L.P. on the project.

Milbank, Tweed, Hadley & McCloy represented Google in the deal, and has represented the company in a number of renewable energy investments in the past several years.


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