5/30/13 | 9:10:00 AM
(Cross-posted from the Official Google Blog)
As we search for investments that can help speed up the adoption of renewable energy, we’ve been looking beyond the U.S. and Europe to parts of the world where our investments can have an even greater impact. We’ve just closed our first investment in Africa: $12 million USD (103 million Rand) investment in the Jasper Power Project, a 96 megawatt solar photovoltaic plant in the Northern Cape province of South Africa. Upon completion, Jasper will be one of the largest solar installations on the continent, capable of generating enough electricity to power 30,000 South African homes. The project, developed and funded by SolarReserve, Intikon Energy and the Kensani Group, is also backed by Rand Merchant Bank, the Public Investment Corporation, Development Bank of South Africa and the PEACE Humansrus Trust.
View Jasper Power Project in a larger map