AAA Google glares at German deal

Google glares at German deal

US search engine provider Google has made its first clean energy project investment in Germany by teaming up with local private equity firm Capital Stage.

Benjamin Kott (pictured), clean energy advocacy manager at Google, said Google would invest €3.5m ($5m) in a solar photovoltaic power plant in Germany.Capital Stage said Google was buying a 49% stake in the project.

Google has previously only invested in clean energy projects in the US, such as geothermal energy firm AltaRock and aNorth Dakota wind farm.

Kott said: "This facility will provide clean energy to more than 5,000 households in the area surrounding Brandenburg [Germany]. Until the early 1990s, the site was used as a training ground by the Russian military."

 

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