http://www.newenergyworldnetwork.com/renewable-energy-news/by-technology/solar/google-invests-5m-in-german-solar-park.html

Google has bought a minority stake in a solar farm based in Germany that was recently acquired by Hamburg-headquartered investor Capital Stage.

The search engine giant has invested in a 49 per cent stake in the Brandenburg-based solar farm in a transaction that Capital Stage said is still awaiting approval.
Although Capital Stage said it agreed not to disclose the price it paid for the solar park, reports have suggested that Google paid $5m for its minority stake in the project.
‘Google sees its participation as an important contribution to promoting climate-friendly energy – but also as a solid financial investment. This double dividend makes investments in renewable energy particularly attractive,’ said Benjamin Kott, clean energy advocacy manager at Google.
The photovoltaic power plant has a nominal capacity of 18.65MW and became one of the largest solar parks to be built in Germany during 2010.
Capital Stage said it will continue to operate in the solar park, which covers 47 acres of land, alongside Google. The investor has acquired 14 solar plants since 2009 with a combined capacity of 74MW in Germany and Italy, adding to the wind farm it has in its portfolio.
Felix Goedhart, CEO of Capital Stage, said, ‘We are proud to have for the joint operation of the solar park Brandenburg won the confidence of our partner Google to who shares our positive assessment of future prospects of renewable energy. This shows that we in the solar business park in the last years of valuable experience and have gained a high degree of professionalism.’