Editor’s note: This article was first published in December 2011. It reports news from that month, and the $94 million investment, the $915 million clean energy portfolio and the more than $800 million since January 2011 are figures from that time.
The search giant Google has just invested 94 million dollars in solar photovoltaic power, as Axel Martínez announced on the company’s own Google blog. With this investment, Google now has 915 million dollars in clean energy in its investment portfolio: since January 2011 the company has invested more than 800 million in solar farms, wind power and everything related to what it describes as building a cleaner, more sustainable world.
In the post, the company said it believes investing in renewable energy makes a great deal of sense, and that it hopes to keep investing in this kind of project and to bring new sources of capital to help the world towards a more sustainable energy future.
With this investment, Google shows that it is a company with excellent advice when it comes to diversifying its portfolio, rather than staking everything on the technology business. Investments like this will not only help change the world; in the long run Google will also earn a generous return, since the United States seems to be getting serious about promoting alternative energy.
In the same way, Google will also take part in the cars of the future, with its smart car and many other projects that are only rumours right now but that the company itself may announce later on.
We talked in a previous article about investing in solar photovoltaic power, an investment that, if made in Spain, should be treated as a long-term one (25 years).
Featured image: Avinash Kaushik, CC BY 2.0, via Wikimedia Commons.
