FollowGoogle’s director of Green Business Operations Rick Needham announced the Internet search and technology leader will invest $75 million to create an initial fund with Clean Power Finance that aims to help as many as 3,000 homeowners install solar power systems. The investment brings to over $850-million the total amount of capital Google has invested in developing and deploying clean energy, Needham noted in a post on Google’s Green Blog.
Earlier this month, Google Ventures joined Kleiner Perkins Caufield & Byers and other venture capital funds in investing $25 million to finance Clean Power Finance’s work to “deliver more cost-effective point-of-sale financing to the burgeoning US solar market.”
