Google has committed another $55 million to its expanding clean energy business, using an innovative "leveraged lease" structure to accelerate tax credits on the investment.
The company's involvement in clean energy stems from the company's fundamental belief that "things involving clean energy are good business opportunities," said Rick Needham, director of green-business operations and strategy for Google. "We've spent time and effort and have found ways to source what we consider "economic renewable energy" that provides us long-term price hedges. Others can do the same," Needham added.
Read more at Greentech Media
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