Google, KKR Set California Solar Deal

Google Inc. and KKR & Co. Inc. are expected to announce today a joint investment in a California solar-power project, showing investor interest in the industry amid expiring government incentives.

The Internet giant and private-equity firm will become majority owners of four solar farms south of Sacramento, according to people familiar with the matter. Recurrent Energy, the project’s developer and a subsidiary of Sharp Corp., will remain a minority owner and operate the facilities, these people said.

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