Google is making itslargest investment yet in clean energy,setting up a $280 million fund tofinance home solar rooftop(屋顶)installations.
The search giant announcedtoday it was teaming up with the Silicon Valley's Solar City一a company chaired by Paypal co-founderand Tesla Motors executive Elon Musk一
in an effort tobreak down the biggest barrier to solar energy adoption:the cost."It's agreat way to support installations going into more homes,"said Googlespokesperson
Parag Chokshi.The$280 million fund is the largest fund ever created for residential solar in the
in financing capacityduring its five-year history.
Google over the pastseveral years has invested in large,utility-scale wind and solar,enhancedgeothermal(地热)energy,andother renewable energy projects,for a grand
total of more than$680 million in the sector. But today's deal is not only Google's largest foray(突袭)into the sector, it is its firstinvestment in distributed energy. Based
in
wantaffordable,clean energy一butthey often can't afford to buy a photovoltaic system upfront.
overcome that costhurdle(障碍)byleasing,instead of owning their rooftop solar systems.
addition to utilitypayments)than customers would get with their usual electricity from thegrid.Solar City not only finances these photovoltaic projects,but also
designs,installs,monitors,andmaintains the systems. Recently,since buying the assets of a company calledBusiness Solutions last year,
energy audits andsmall home improvements(like installing programmable thermostats)that can makea big difference in energy use.
Until now,
banks are doingsolar financing,he said.So in order for Solar City's model to achieve"truescale,"it must"unleash the available capital of corporateAmerica,"he said.Rive is
hopeful thatGoogle's move today will set an example for other corporations to make similarinvestments.
A.Right
B.Wrong
C.Not mentiond