Ending the year with another clean energy investment

We’ve made a new $94 million investment in a portfolio of four solar photovoltaic (PV) projects being built by Recurrent Energy near Sacramento, California. This brings our portfolio of clean energy investments to more than $915 million. We’ve already committed to providing funding this year to help more than 10,000 homeowners install solar PV panels on their rooftops. But this investment represents our first investment in the U.S. in larger scale solar PV power plants that generate energy for the grid—instead of on individual rooftops. These projects have a total capacity of 88 MW, equivalent to the electricity consumed by more than 13,000 homes.

We’re investing alongside global investment firm KKR and Recurrent Energy, a leading solar developer. Google will provide a $94 million equity investment and SunTap Energy, a new venture formed today by KKR to invest in solar projects in the U.S., will provide the remaining equity.

We’re joining KKR on their first renewable energy investment in the U.S. We believe investing in the renewable energy sector makes business sense and hope clean energy projects continue to attract new sources of capital to help the world move towards a more sustainable energy future.

Solar panels at one of the Recurrent projects

The energy produced by these projects is already contracted for 20 years with the Sacramento Municipal Utility District (SMUD). SMUD recently created a feed-in tariff program (FIT) to help green the grid for Sacramento-area residents. We’re excited that these projects are the first to be built under the program.

We’ve had a busy year at Google. Since January, we’ve invested more than $880 million in clean energy projects. We believe the world needs a wide range of solutions—from wind, to transmission, to solar PV and concentrated solar—and we look forward to new opportunities next year to further expand our portfolio of clean energy investments.

Posted by Axel Martinez, Assistant Treasurer, Google Treasury

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Make your own online scrapbook with 2011 green search trends

Last week we unveiled this year’s Zeitgeist, including the fastest rising searches in 2011. Those of us on the Google Green team were pleased that the search trends include several popular searches related to the environment (as you can see from the highlights video). So we created the Green Scrapbook to help you explore these green trends, choose your favorites, and reveal videos and surprising facts about them. As you click around, you create your very own collection of what green meant to you this year, which you can personalize with your name and share with your friends.

People have already started creating and sharing their Green Scrapbook. For example, Adam created one showcasing a video of a tapir (Belize’s endangered “mountain cow”) and highlighting what an LED light is. I created my scrapbook, too, where I could tell people about the microorganisms that light up Puerto Rico’s famous “bioluminescent bay.” I also let people know that if I could win an eco-friendly car, I’d choose a Tesla (there’s still time to get me one for Christmas!).

Once you complete your own scrapbook, you can share it on Google+ or anywhere you’d like by grabbing the unique URL to your scrapbook with the “get URL” link at the top right.

We’re working hard to create a better web that’s also better for the environment. We hope the Green Scrapbook sparks conversation and gets people thinking about all the ways they can make greener choices in their lives—whether it’s about the merits of rooftop [solar energy], or prompting people to think about [garbage islands] and then reach for a [reusable water bottle].

Posted by Erin Carlson Reilly, Google Green Team

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