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April 7, 2011 12:26 pm GMT
Google has just announced its very first clean energy project investment in Europe, and hopefully not its last. The Internet giant is pumping 3.5 million euros (roughly $5 million) in a solar photovoltaic power plant in a town near Berlin, Germany. Google isn't investing in the plant on its own - it has sided with German private equity company Capital Stage.The company is quick to point that the transaction still requires the formal approval of the German competition authorities, and is subject to other customary closing conditions.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xPGP8PNqn18/
Google Invests $5 Million In German Solar Power Plant
Google has just announced its very first clean energy project investment in Europe, and hopefully not its last. The Internet giant is pumping 3.5 million euros (roughly $5 million) in a solar photovoltaic power plant in a town near Berlin, Germany. Google isn't investing in the plant on its own - it has sided with German private equity company Capital Stage.The company is quick to point that the transaction still requires the formal approval of the German competition authorities, and is subject to other customary closing conditions.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xPGP8PNqn18/
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