What Is Google's "Largest Investment to Date"?
According to the official Google blog, it’s a recent $168 million investment in a solar-power plant:
We’ve invested $168 million in an exciting new solar energy power plant being developed by BrightSource Energy in the Mojave Desert in California. Brightsource’s Ivanpah Solar Electric Generating System (ISEGS) will generate 392 gross MW of clean, solar energy. That’s the equivalent of taking more than 90,000 cars off the road over the lifetime of the plant, projected to be more than 25 years. The investment makes business sense and will help ensure that one of the world’s largest solar energy projects is completed.
We need smart capital to transform our energy sector and build a clean energy future. This is our largest investment to date, and we’ve now invested over $250 million in the clean energy sector. We’re excited about Ivanpah because our investment will help deploy a compelling solar energy technology that provides reliable clean energy, with the potential to significantly reduce costs on future projects.
I am a) surprised that $168 million represents Google’s largest investment, though I guess that’s because it depends on what your definition of “investment” is; and b) continually impressed with the Google blog, which is full of legitimate insight into the company and, as in this case, real news.