Wednesday 14 January 2015

Google backs 104MW Utah solar project

Google backs 104MW Utah solar project

Google has teamed up with a Norwegian renewable company to build what is claimed will be Utah's largest solar power plant.

Total investment for the 104MW Red Hills Project is estimated at $188 million (£124m) and will be owned by the internet search engine giant and Scatec Solar.

Once up and running by the end of this year, the facility will generate around 210 million kWh of electricity every year – enough to power more than 18,000 homes.

Google is the tax equity investor in the deal, which means it will pay a portion of the project’s cost in return for tax incentives and a share of the facility’s income.

Google has signed agreements to fund more than $1.5 billion (£0.9bn) worth of renewable energy projects with a total capacity of more than 2.5GW.

Written by

Bruna Pinhoni

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