Google Green Blog, 10/10/13
We’re
celebrating Halloween early with our “lucky thirteenth” renewable energy
investment: a $103 million commitment to Mount Signal Solar, a 265.7 MW solar
photovoltaic plant in Imperial County, CA. The project will generate enough
energy to power 80,000 homes.
Like many
states, California has a goal of increasing the amount of energy procured from
renewable sources. The energy from Mount Signal Solar, which has been
contracted to San Diego Gas & Electric, will help California meet this
goal. The project, which is owned and operated by Silver Ridge Power (formerly
AES Solar), will also create over 900 construction jobs in a part of the state
that suffers from high unemployment.
Thirteen renewable energy investments in three years! That’s a lot of energy—the over $1
billion we’ve committed to these projects will generate enough electricity each
year to power more than 500,000 U.S. homes. Why are we making these
investments? It’s simple: we believe in a clean energy future, and we think
that companies like ours can help make it happen. We invest in these projects
because they make business sense, because they help put more renewable energy
on the grid, and because they have a positive impact on the local economies
where they operate.
The Mount Signal Solar project in Imperial County, CA |
Posted by
Kojo Ako-Asare, Head of Corporate Finance
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