Earlier this week, Google opened an electric vehicle charging network at its Silicon Valley headquarters, which now stands at the world’s largest workplace charging system and underscores the company’s low carbon drive. Now, as Bloomberg reports, Google Inc. (GOOG) agreed to put $280 million in a new project financing fund for SolarCity Inc., a financier, installer and owner of rooftop photovoltaic systems, in the Internet search engine’s biggest clean-energy investment. Google's director for green business operations today suggested that it will enable more homeowners to lower their energy bills while also shifting to renewable energy, allow SolarCity to expand its business and facilitate wider deployment of solar.
Today Google posted in their official blog "Imagine sitting on your patio watching the sun’s rays pass overhead, knowing that they power your home with clean energy—at a cost that’s less that what you would have paid using just the grid. That’s what my colleague, engineer Michael Flaster, has been doing at his home in Menlo Park, Calif. since March of this year. He did it with the help of a company calledSolarCity, which enables homeowners and businesses to begin using solar energy to power their homes and buildings.
Today, we’re announcing that we’ve investing $280 million to create a fund that will help SolarCity finance more solar installations across the country. This is our largest clean energy project investment to date and brings our total invested in the clean energy sector to more than $680 million. We’ve also launched a partnership to offer SolarCity services to Googlers at a discount."
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Tuesday, 14 June 2011
