Download now: Cannabis Cash

SunPower (NASDAQ: SPWR) Teams Up with Google (NASDAQ: GOOG)

+Gulf Coast Oil Profits

Written by Tim Conneally
Posted April 23, 2014 at 1:47PM

SunPower Corp (NASDAQ: SPWR) and Google (NASDAQ: GOOG) announced on Wednesday that they are working together on a new program that will provide financing to $250 million worth of residential solar lease projects. The companies estimate thousands of homes will benefit from the program.

"We're pleased to partner with Google to help make solar accessible to more families and allow those families to take control of their energy costs," SunPower CFO Chuck Boynton said in a statement on Wednesday. "With the increased and growing interest in reliable, cost-effective solar from businesses and homeowners alike, Google's leadership is helping take solar mainstream."

This is Google's third investment into residential rooftop solar.

Gulf Coast Oil Profits

Offshore drilling projects are expected to reach $17 billion this year alone, and big oil companies are investing heavily in the Gulf of Mexico to offset the slowdown in the Arctic. There's a trick to investing in this trend, though. Before you make any investments, you'll need to read this.

Related Articles

Drone Wars
Many were quick to criticize Amazon's ambitious vision with its drone delivery service, but drones may be heading into the mainstream sooner than you think...
Microsoft's (NASDAQ: MSFT) New Energy Strategy
Like many major companies, Microsoft is striving for net zero. But what does it mean for a company that touches so many parts of so many industries?
A Biofuel Blunder
According to a new study, cellulosic biofuels actually pollute more than gasoline .


Is it Safe for You to Buy Coal Stocks Yet?
Shedding Light on the Death of the Coal Industry
Investing in the Future of Solar
How to Profit Like an Investment Banker
Without the ITC, is Solar Still a Good Investment?
Will THIS Kill the Solar Industry?
The Secret Behind the Gatwick Gusher
Is the UK Running Out of Options?
Buffett Has a $4.5 Billion Stake in This Refiner
Refiners Are Safe Havens During the Low-Price Period
An OPEC Civil War Erupts
Strange Things Afoot in the House of Saud
Energy Utilities NEED the Internet of Things
Stay connected to stay on target!
The Lithium Revolution Just Got Hotter
Utility-Scale Lithium Batteries Taking Off
Metal Oil Investing 101
Meet the Oil of the 21st Century
Tesla's (NASDAQ: TSLA) Final Deathblow
The Ultimate Tesla Play