Google, KKR Invest $80M In 106-MW In Solar Projects

Law360, New York (November 15, 2013, 12:48 PM EST) -- Google Inc. is partnering with KKR & Co. to invest $80 million in six solar facilities with a combined 106 megawatts across California and Arizona, the companies said Thursday.

The deal is similar to a Google-KKR co-investment in four Californian solar plants in 2011, down to using the same developer, Recurrent Energy. The companies will pay for the projects with equity and debt financing. This latest project is Google's 14th renewable energy investment in three years, worth a combined $1 billion, and the company so far...
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