14 DAY TRIAL // This past April 23, American multinational corporation Google announced that it had entered a partnership with energy provider SunPower Corporation, and that, as part of this collaboration, it was to invest as much as $100 million (€72.35 million) in residential solar leasing.
In a blogpost on the matter at hand, Google details that the end goal of this initiative is to help make solar power a tad more popular among people living in the United States.
It further explains that, together with the $150 million (€108.5 million) the SunPower Corporation agreed to invest in this project, its $100 million will serve to buy as many solar panel systems as possible.
These systems will then be installed on homes free of charge for the people who live in these households, and the clean energy that they will produce on a monthly basis is to be sold to the folks who have agreed to get behind this initiative.
“Using the fund ($100 million from Google and $150 million from SunPower), we buy the solar panel systems,” the American multinational corporation writes on its website.
“Then we lease them to homeowners at a cost that’s typically lower than their normal electricity bill. So by participating in this program, you don’t just help the environment – you can also save money,” it adds.
In case anyone was wondering, the SunPower Corporation will be the one in charge of supplying the solar panel systems needed to ensure the success of this initiative and will also take care of installing them on the homes of people who choose to embrace sustainability.
Google says that its partnership with energy provider SunPower Corporation is its 16th investment in green energy up until now, and its 3rd investment in residential rooftop solar. Thus, the corporation says that is has already provided over $1 billion (€0.72 billion) to green projects.
Interestingly enough, Google announced its collaboration with the Sun Power Corporation just one day after going public with the news that it had signed a deal to have its massive Iowa data center powered by wind power alone.
Earlier this month, environmental group Greenpeace took the time to congratulate Google for its plans to green up its ways and have its data centers powered by renewables. By the looks of it, the organization need also give the corporation a pat on the back over its efforts to up the popularity of renewables among ordinary folks.