Google invests 280 million in SolarCity
It looks like someone is taking alternative energy seriously. Where are the other venture capitalists and firms with ample resources to get the green economy going?
Google and rooftop solar power company SolarCity announced a $280 million investment deal Tuesday, the largest such deal for home-based solar power systems in the United States. The investment will give San Mateo, Calif-based SolarCity the funding to build and lease solar power systems to a 7,000 to 9,000 homeowners in the 10 states where it operates.
You know what else could use a huge influx of money? Wind turbine manufacturers here in the United States of America! Why are we importing this technology? We should be the leaders! Instead of talking about budget cuts the government needs to be investing in this market.
Google's move aims, of
Google's move aims, of course, at generating income for corporate invstors. On the other hand, we can't deny the fact that it offers cost savings to consumers, while creating new jobs and protecting the enironment from pollution through the use of renewable energy sources.
Home owners have 2 options; they can either purchase the PV systems or lease them and pay to Solar City a monthly lease and a small power bill.
(Solar toys Lagi.Plan: http://www.lagiplan.gr/solar.html)