Google spends $ 1 billion on green energy

Techcrunch technology site said that Google has announced that it is investing $ 12 million in a 96MW solar photovoltaic plant in South Africa.This project marks Google's first renewable energy investment mission in Africa.This is also the search giant's 12th renewable energy investment project.

Google said that, after completing the Jasper Power project, located in the Northern Cape province of South Africa, will generate enough energy for 3,000 households in South Africa. In total, Google has pledged to invest more than $ 1 billion in green energy projects.

In South Africa, Google, together with SolarReserve, Intikon Energy and Kensani Group, are the main sponsors of this project. Some other sponsors include: Rand Commercial Bank, Public Investment Corporation, South African Development Bank and Humansrus Trust Peace Organization. This will be one of the largest projects in South Africa with a scale of about 450 acres with more than 325,000 solar modules.

In today's announcement, Mr. Rick Needham, Google's Director of Energy and Sustainable Development, also offers some criteria that the search giant applies in this area of ​​investment. He also noted that Google will "only pursue investments that we believe are financially significant". Because South Africa has a policy to support such projects, Google believes that this is definitely an attractive place to invest in green technology.

However, the giant from the United States is also looking for "projects with potential to transform - That means projects will boost the growth of the renewable energy industry and bring the world closer. more to a future of clean energy ".