Online search and advertising giant Google is making a $94 million investment in four solar energy farms near Sacramento in California in partnership with investment firm Kohlberg Kravis Roberts & Co, bringing the company’s portfolio of clean energy projects to almost $1 billion.
Google, on its Green Blog, said that it will spend $94 million on the projects.
They also will receive equity from SunTap Energy RE LLC, a venture formed by KKR to invest in US solar projects.
The projects are expected to provide electricity to power more than 13,000 average US homes.