Google and Citigroup will invest about $204 million in a California wind farm, The Wall Street Journal reports. The two companies will each invest $102 million in the Alta Wind Energy Center, which is managed and operated by Terra-Gen Power.
The companies have already invested $55 million each in the facility. The investments are structured as leveraged leases, under which companies commit to buy parts of the wind farm and lease them back to Terra-Gen.
Click here for the story from The Wall Street Journal.
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