Google Solar Project: Google Invests $168 Million In Mojave Power Plant

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mmuldoon@rosemontseneca.com

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2011-04-12 13:37:07

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Devon Archer <darcher@rosemontseneca.com>

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Hunter Biden <hbiden@rosemontseneca.com>

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SAN FRANCISCO -- Google is investing $168 million in an alternative
power project that aims to produce enough solar energy to light
140,000 homes.

The commitment announced Monday is part of the financing that
BrightSource Energy needs to build a solar power plant in California's
Mojave Desert. BrightSource also has lined up $1.6 billion in loans
guaranteed by the U.S. Department of Energy and a $300 million
investment from NRG Energy Inc.

Google Inc. has been dipping into its bank account to back various
projects that promise to generate energy from other sources besides
oil and coal. The company has emerged as a major consumer of
electricity as it opens huge data centers to house the computers that
run its Internet search engine, e-mail and other online services.


--
Mike Muldoon
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
mmuldoon@rosemontseneca.com

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