Google (Nasdaq: GOOG) announced its first foreign investment in renewable energy - a solar PV plant in Germany.
The Internet giant invested EUR 3.5 million (US$5 million) in a solar photovoltaic (PV) plant in Brandenburg an der Havel, Germany.
Google joined German private equity firm Capital Stage in the investmet and acquired a 49% stake in the solar project.
The recently completed facility is located on 116 acres near Berlin and has a peak capacity of 18.65 MW. More than 70% of the panels installed in the project were manufactured in Germany.
Until the early 90's, the site was used as a training ground by the Russian military.
In the last year, Google invested in
Iowa wind power,
offshore windpower transmission,
weather insurance,
efficient electricity conversion, and a
biofuel startup.
