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Google Backs Utah’s Largest Solar Power Plant – WSJ

Google is backing another renewable energy project, this time with Norwegian power company Scatec Solar. The two have teamed up to build Utah’s largest solar power plant.

Google and Scatec, along with Prudential Capital Group, are investing about $188 million in the Utah Red Hills Renewable Energy Park. When up and running at the end of 2015, the plant will generate roughly 210 million kilowatt-hours of electricity a year, enough for approximately 18,500 homes.

Google is the tax equity investor in the deal, which means it will pay a portion of the project’s cost in return for tax incentives and a share of the facility’s income.

More http://www.wsj.com/articles/BL-DGB-39747

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