Mark Langner

Green Power, Google, and StatoilHydro's New High

I am not certain how much this investment can be considered a bellweather for all green investing. The firm discussed has cut a deal with PG&E (as part of PG&E fufilling its state mandate for purchasing green power) for a PPA which guarantees a buyer for its power at certain rates. Besides Google has always attached some social value to green issues when making investments.

That being said its good to see money continue to be invested in this sector.