Monday, March 2, 2015

Google's new investment in renewable energy

Google Inc. is making its largest bet yet on renewable energy, a $300 million investment to support at least 25,000 SolarCity Corp. rooftop power plants. Google has now committed more than $1.8 billion to renewable energy projects, including wind and solar farms on three continents. This deal may have a return as high as 8 percent it is structured as a tax-equity transaction, meaning the web search developer gets tax breaks that flow from solar systems financed by the fund.  Read more at www.bloomberg.com