Google Investing $12m into South Africa Jasper Power Project



Google has announced its first ever renewable energies investment in Africa, putting $12m (103 million Rand) in the Jasper Power Project, a 96 megawatt solar photovoltaic plant in South Africa. Once it’s complete, the Jasper Power Project will be among the largest solar installations in Africa, and it could generate enough electricity to power 30,000 South African homes.

“When we consider investing in a renewable energy project, we focus on two key factors -first, we only pursue investments that we believe make financial sense,” explains Rick Needham, Director for Energy & Sustainability at Google. “South Africa’s strong resources and supportive policies for renewable energy make it an attractive place to invest — which is why it had the highest growth in clean energy investment in the world last year,” he continues. “Second, we look for projects that have transformative potential—that is, projects that will bolster the growth of the renewable energy industry and move the world closer to a clean energy future. The Jasper Power Project is one of those transformative opportunities.”

via TheNextWeb