KKR and Google to Invest in Six U.S. Solar Power Plants
KKR & Co. and Google Inc. have struck a pact to invest about $400 million in six solar-power plants being built by Recurrent Energy LLC in California and Arizona. Development of the plants has been under way for years and they are expected to go online and begin producing power in January, the people said.
The plants—five in southern California and one in Arizona—are designed to produce about 106 megawatts of electricity combined, or enough to power about 17,000 U.S. homes, they said. San Francisco-based Recurrent, which will continue as their operator, has struck long-term power supply agreements with three buyers for the electricity they’re expected to churn, the people said.