Egypt posts record EGP629b primary surplus in 2024/25    EGP swings vs. USD in early Sunday trade    EGX launches 1st phone app    Egypt achieves record primary budget surplus of EGP 629bn despite sharp fall in Suez Canal revenues    Escalation in Gaza, West Bank as Israeli strikes continue amid mounting international criticism    Egypt recovers collection of ancient artefacts from Netherlands    Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation    United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year    After Putin summit, Trump says peace deal is best way to end Ukraine war    Egypt, Namibia explore closer pharmaceutical cooperation    Jordan condemns Israeli PM remarks on 'Greater Israel'    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts    Egypt prepares to tackle seasonal air pollution in Nile Delta    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







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Google goes for solar power investment
Published in Bikya Masr on 14 - 06 - 2011

LOS ANGELES: Internet search engine giant and leading technology company Google said on Tuesday that it was to invest $280 million to finance a number of home solar projects. It is the company's largest effort to date in order to promote clean energy.
It isn't the first initiative for Google to help buttress environmentalism. In it's Dublin office, the cafeteria is vegan, which is the top way to reduce ones carbon footprint on a daily basis, researchers have reported.
“It is nice to see that Google is looking to the future more and more these days,” said John Humphreys, a Los Angeles-based green activist who has worked with Greenpeace and other leading environmental protection agencies.
“When companies like this start to get the PR going, it will help get others on board and really start this green revolution we have been waiting for,” he added.
The funding for the solar project will go towards SolarCity, a company providing solar energy options for homeowners and businesses, including installations across the United States.
“This is our largest clean energy project investment to date and brings our total invested in the clean energy sector to more than $680 million,” said Rick Needham, Google's director of green business operations.
“We continue to look for other renewable energy investments that make business sense and help develop and deploy cleaner sources of energy,” he wrote in a blog post.
He added that Google had also entered into a partnership with SolarCity to provide solar power to the homes of Google employees at a discount rate.
“Starting at home is the most important way of getting our employees and our staff to work toward a comprehensive solution to the global climate problem,” a Google official told Bikya Masr on Tuesday.
Google last month announced a $55 million investment in a California wind energy farm, and in April, the Mountain View, California-based company announced a $100 million investment in a wind farm being built in Oregon.
Google in April also said it has invested $168 million to help complete the construction of one of the world's biggest solar power plants in California's Mojave Desert.
BM


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